Thursday 19 April 2018

INM takes control of, buys remaining 50pc stake

INM chief executive Robert Pitt
INM chief executive Robert Pitt
Ailish O'Hora

Ailish O'Hora

INDEPENDENT News & Media has acquired the remaining 50pc stake in that it did not already own. is the country's fasted growing cars classified business and it was launched in 2004.

The business has delivered significant growth in recent years and deals with more car dealers than any other such website in Ireland, INM said today.

The acquisition of knits well with the group’s print and online motoring supplements, the media firm added.

The move also signals the company’s intention to be the leading print and online publisher in Ireland with joining INM’s portfolio of print and digital titles. 

Robert Pitt, chief executive at INM said:  “We are very pleased to add to INM’s portfolio of titles. There are clear synergies with INM’s existing motoring features across print and digital. is the go-to destination for drivers looking to sell their car or buy a new vehicle and enjoys significant visitor numbers. The site’s online dominance fits well with INM’s strategy for both its online and print titles.”

The value of the transaction was not disclosed.

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