Iaa, inc. closes acquisition of synetiq ltd.

Westchester, ill.--(business wire)--iaa, inc. (nyse: iaa), a leading global digital marketplace connecting vehicle buyers and sellers, has closed its previously announced acquisition of synetiq ltd. (“synetiq”), a leading integrated salvage and vehicle dismantling company in the united kingdom. iaa, inc. acquired the stock of synetiq through its indirect wholly owned subsidiary iaa international holdings limited. iaa paid £186 million at closing, with the remaining £39 million contingent upon r
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