Synetiq, a vehicle salvage and dismantling company based in the north of England, has reached an agreement for the sale of the business to US listed company, IAA Inc, which operates a global digital marketplace connecting vehicle buyers and sellers, The deals was made through its indirect wholly owned subsidiary, IAA International Holdings.
A recent article on the Bloomberg website highlighted a US company described as something of a darling on Wall Street, which was the best-performing industrial stock on the S&P 500 in 2019. It wasn’t as you might expect a famous tech company or major equipment manufacturer, but a scrap vehicle auction house.
ELVES has published its annual report for 2020, detailing an unprecedented year because of the pandemic and highlighting how , Authorised Treatment Facilities (ATFs) remained operational throughout various restrictions.
With the use of recycled parts on the rise and the aftermarket facing parts supply issues due to Brexit, online marketplace eBay UK, in partnership with insurers, Aviva and LV, aims to cut down waiting times by promoting green parts.