Dealertrack Technologies Inc. has acquired Vintek for $53.4 million.
Philadelphia-based Vintek provides automotive collateral management, electronic lien and title, and consumer-automotive finance-processing services. The company’s services are used to close car loans online.
Dealertrack, headquartered in Lake Success, N.Y., develops web-based software and services for the automotive retail industry, including dealers, lenders, equipment manufacturers and aftermarket providers. The company also runs an online credit application network. The deal was announced Sept. 23.
O’Melveny & Myers LLP represented Dealertrack on the deal.
Mergers & Acquisitions has seen a wave of deals for companies that provide services to the automotive industry. For more, see "Winners of the Auto Aftermarket."