Adevinta’s leboncoin Group finalises the acquisition of Argus Group
The acquisition enables leboncoin Group to create the most extensive offer in France’s online second-hand car market.
Oslo, 7 October 2019: Adevinta announces that leboncoin Group , France’s number one peer-to-peer website and leading online marketplace for cars, property and jobs, has today finalised the acquisition of Argus Group . Argus Group is one of France’s leading players in digital marketing services to the automotive industry in France.
Adevinta continues to invest in strengthening its key markets, while deepening its offers in core verticals (Real Estate, Cars and Jobs).
“Today’s closing enables us to rapidly implement our robust integration plans and to realise the positive synergies that leboncoin and Argus will create together,” said Rolv Erik Ryssdal, CEO of Adevinta. “We are excited about building our leadership position in the French online car market, and we look forward to welcoming the Argus Group to Adevinta’s family.”
Antoine Jouteau, CEO of leboncoin Group, commented, “Argus’ expertise, pricing tool and penetration of the professional market for second-hand car trade have an impressive track record in the French market. When combined with our data knowledge, expertise and strong position, our new solutions will be totally unique, enabling car professionals to get innovative offers to market even faster.”
Leboncoin Group will focus on developing Argus’ activities in line with its objectives and those of the wider Adevinta Group, notably by accelerating digitisation and refocusing international expansion within Adevinta’s portfolio of marketplaces.
- End -
About Leboncoin
The number one peer-to-peer website in France, leboncoin is the leading online marketplace for cars, property and jobs. It is used every month by 28 million unique visitors (Médiamétrie, March 2019). In a survey of French consumers, leboncoin was rated France’s 4th most useful company (IFOP 2017 ‘Terre de Sienne’ usefulness study), valued for the range of its offer and the ease of the transactions it facilitates every day. In a context of strong growth, leboncoin is committed to the well-being of its 1000 employees, coming top five in France’s ‘Great Place To Work’ rankings. Today, leboncoin is a Group that encompasses the classified ad sites Agriaffaires (agricultural equipment), TrucksCorner (heavy trucks), MachineryZone (construction), A Vendre A Louer (property), Paycar (P2P payment for vehicles), Locasun (B2C holiday rental), and the second hand fashion website Videdressing, L’Argus (second hand cars) as well as a startup accelerator. Leboncoin Group is part of Adevinta, a marketplaces group listed on the Oslo Stock Exchange.
About Adevinta
Adevinta is a global online classifieds company with generalist, real estate, cars, jobs and other internet marketplaces in 16 countries, connecting buyers seeking goods or services with a large base of sellers. Its portfolio spans 36 digital products and websites, attracting 1.5 billion average monthly visits. Leading brands include top-ranked leboncoin in France, InfoJobs and Milanuncios in Spain, and 50% of fast-growing OLX in Brazil.
About L’Argus
Founded in 1927, Argus is a family and independent company and has been a privileged partner of the car business professionals, and is permeated by a culture of continuous evolution and innovation. Our growth and diversification strategy has enabled us to develop a rich and varied product portfolio, intended for professionals, including car manufacturers, distributors, dealers, auction houses, etc. This range of unique services combines performance and simplicity, and is 100% dedicated to greater commercial and financial efficiency. Today we offer a range of services structured around five strategic directions: Argus Information, Argus Valuation, Argus Solution, Argus Acquisition and Argus Consulting. Because the world is changing and mutations are accelerating, we must support our clients in these major evolutions and assist them in achieving their own digital transformation. Today's Argus has 250 involved and committed employees based in Paris, Nantes and Casablanca (Morocco).
Media contacts:
Adevinta
Mélodie Laroche
Corporate Communications
T: +33 (0) 6 84 30 52 76
melodie.laroche@adevinta.com
Jo Christian Steigedal
Investor Relations
ir@adevinta.com
Leboncoin Groupe
Anne Quemin
Head of Brand and Communication
anne.quemin@adevinta.com
Caroline Grangié
Media Manager
caroline.grangie@adevinta.com
About GlobeNewswire by notified
GlobeNewswire by notifiedGlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release
Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a
DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release
Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68
Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release
Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.
Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release
AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us
Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release
VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin