Tuesday Ticker: October 5, 2021
Toronto, Ontario — This week, Magna gets booted from its proposed deal with automotive technology group Veoneer, Rivian officially files its initial public offering (IPO) and Axalta reevaluates its full-year guidance. Melancholy at Magna Swedish automotive technology firm Veoneer has opted to go with Qualcomm’s $37-per-share merger bid following a previously announced merger with Aurora, […]
Mobile Merger: asTech Acquires Mobile Tech RX
Toronto, Ontario — asTech announced Tuesday the acquisition of Mobile Tech RX. Mobile Tech RX is an automotive and collision reconditioning application with over 4,000 companies and approximately 6,000 active users that enables technicians to estimate, invoice, manage teams and collision workflow, process repair orders and capture data on the go through their mobile devices. Mobile […]
Industry Insider: More on the CSN merger featuring Ryan Bruno, president and CEO
Toronto, Ontario — This past week was a big one for Canadian network CSN Collision Centres as the network announced its merger with the U.S.-based 1Collision. This new union, deemed “a natural fit” by CSN, allows the two companies to offer a unified collision repair experience and claims management solution to the driving public and […]
CSN and 1Collision Network announce merger
Toronto, Ontario — CSN Collision Centres (CSN) and 1Collision Network have announced the merger of their business operations. The companies say the agreement will allow the organizations to offer a unified collision repair experience and claims management solution to the driving public and insurance industry throughout Canada, and the United States. “Part of what makes […]
Axalta reject’s $9.1 billion bid from Nippon Paint
By Tom Davis Philadelphia, Pennsylvania — December 1, 2017 — ‘It’s our way or the highway’ seems to be the message coming out of Axalta after the company rejected a bid from its latest suitor. Talks of an acquisition between the US-based company and Nippon Paint have fallen through after just one week. Axalta is […]
CARSTAR North York Sheppard and CARSTAR Express Sheppard announce merger
Hamilton, Ontario — May 3, 2016 — CARSTAR North York Sheppard is relocating to CARSTAR Express Sheppard, located at 3438 Sheppard Avenue East in Toronto, Ontario. CARSTAR North York Sheppard has been in business for over 16 years. The two businesses will essentially merge, with all services managed from CARSTAR Express Sheppard. CARSTAR Scarborough West […]
