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OPENLANE

KAR Announces Agreement to Acquire OPENLANE

KAR Auction Services, Inc. announced today that its subsidiary, ADESA, Inc., has signed a definitive agreement to acquire the equity of OPENLANE, Inc., a leading Internet-based business-to-business automotive remarketing company.

OPENLANE Appoints New CEO

Peter Kelly, Co-Founder, President and former CFO of OPENLANE, takes on the new role effective immediately.

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