CDK Global announced Wednesday morning that it has signed a deal to acquire Auto/Mate Dealership Systems, a DMS provider.
CDK said in a news release it will integrate the Auto/Mate DMS into its product offering.
Each of the company’s boards has approved the deal, which is subject to customary closing requirements and regulatory approval. The deal, whose terms were not disclosed, should close this summer, the companies said.
The purchase appears to have been first reported by The Banks Report.
“This planned acquisition reinforces CDK’s commitment to dealers, regardless of size, by offering a broad range of products designed to improve dealership returns and the consumer experience,” CDK president and chief executive Brian MacDonald said in a news release. “Auto/Mate’s products are a natural fit with CDK solutions and provide an intuitive, flexible and fit-for-purpose DMS solution that will offer strong value to dealerships.
“My team and I are looking forward to working closely with our new and existing customers to deliver solutions that will provide them with numerous operational benefits, including speed, efficiency, and flexibility in managing their businesses and serving their customers,” he said.
Auto/Mate president and CEO Mike Esposito said: “I am confident the traditions of unparalleled customer service and ever-evolving technology that Auto/Mate customers have grown to expect will continue under CDK, and we are excited for the new opportunities that the combined companies will provide to help our customers succeed.”