See our exclusive index of companies on the move:
Explore Stocks- Top Stocks
- Top Australian Gold Stocks
- Top ASX Copper Stocks
- Top ASX Nickel Stocks
- Top ASX Rare Earth Stocks
- Top Battery Metals Stocks on the ASX
- Top Australian Lithium Stocks
- Top Graphite Miners on the ASX
- 10 ASX Cannabis Stocks
- Top ASX Tech Stocks
- Top AI Stocks on the ASX
- On Site
- About Australian Cannabis Investing
- About Australian Resource Investing
- About Australian Tech Investing
- About Australia Investing
- Of Interest
- ASEAN-Australia-New Zealand Trade Agreement
- Association of Southeast Asian Nations (ASEAN)
- Australian FAQ on ASEAN
- Australia Government on Foreign Investments
Carmudi Indonesia’s website attracts an estimated 2 million visitors a month, operating as Indonesia’s second largest car sales platform.
iCar Asia (ASX:ICQ), online automotive company with 12 million visitors per month announced that it has acquired Carmudi Indonesia for an undisclosed amount. Carmudi Indonesia, which operates three core areas: new cars; used cars and car sales centres, is the second most visited online car platform in Indonesia.
As quoted in the press release:
Carmudi operate 5 physical care sales centres, called “Carsentros”. These are a transaction platform for car dealers and leading car financing businesses, and generate finance commission income. The 5 centres operate across the cities of Semarang (2 x Carsentros), Solo, Surabaya and Yogyakarta. Further Carsentros will be planned to compliment the car dealers and audience across the newly combine iCar Asia Indonesia business.
CEO of iCar Asia, Mr. Hamish Stone commented: “We are really excited to have completed the Acquisition and are looking forward to the next phase of integrating our operations in Indonesia to realise the synergies from the combination of two leading automotive portals in the largest automotive market in South East Asia.”
Top News
FEATURED STOCKS
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.