Manheim snaps up Kingfisher

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THE owner of the Motors.co.uk used car website has snapped up a Glasgow-based IT company, Kingfisher Systems, for an undisclosed sum.

Manheim has taken a controlling stake in Kingfisher, which developed the car seller’s online auction platform.

Kingfisher’s founder, managing director Ian Fisher, will continue to run the business which will trade independently following the deal, Manheim said.

John Bailey, chief executive of Manheim Europe, said the deal was a “triple win”: “While Kingfisher benefits from new financial investment to power its R&D, Manheim is able to rapidly deploy a range of exciting technologies to benefit sellers and buyers in the used vehicle market.”