Drive Acquisition news – Dublin-based Automotive Technology Company, Drive, has been acquired by ACV Auctions

TradeBid is an advanced digital trade marketplace located in Ireland that provides a platform for trading automobiles, greater choice, and transparency for both buyers and sellers.Nevo is the only platform exclusively for electric vehicles in Ireland. Its goal is to facilitate the transition of people to electric driving by offering reliable information and helping them locate the ideal EV at the ideal moment.

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Following months of talks, during which both firms acknowledged their shared enthusiasm for technology and people-first cultures, the transaction was finally reached. The founders said working with ACV Auctions was like gazing into the future and seeing a business that reflected their goals and ideals.

As the company looked back on its journey, Drive Inc. thanked everyone who had helped the business over the previous five years. This includes their team, the board members who provide direction, and their investors who drove the company's growth.

About Drive

Drive, which was founded in 2019 by Shane Ennis and Conor O'Boyle, combines TradeBid & Nevo, two Irish automotive technology companies.

About ACV

ACV is a rapidly expanding technology company that offers data analytics and a thriving online marketplace for wholesale automobile trades. Customers may access transparent and accurate vehicle information through ACV's marketplace, ACV Auctions, which is powered by data insights and technological advancements.