IAA, Inc. Acquires SYNETIQ Ltd.

October 22, 2021

IAA, Inc. acquired SYNETIQ Ltd., a UK-based integrated salvage, auction and vehicle-dismantling business, in a transaction valued at £225 million. IAA paid £186 million at closing with the remaining £39 million held contingent on UK CMA approval; the CMA later cleared the deal and the remaining amount was released, expanding IAA’s footprint and capabilities in the United Kingdom.

Buyers
IAA, Inc.
Targets
SYNETIQ Ltd.
Industry
Automotive
Location
United Kingdom
Transaction Type
Buyout

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