Copart UK purchase Hewitt International
Copart UK is pleased to announce the acquisition of Hewitt International. With effect from Monday 14th March the Hewitt facility has been integrated into the Copart nationwide network.
Hewitt International were a Midlands based vehicle salvage disposal company who specialised in handling Agricultural equipment such as Tractors, Combine Harvesters and Farming equipment and 4X4s via their dedicated website www.agrisalvage.com. Copart will continue to operate fortnightly online auctions for Agricultural vehicles and equipment commencing on Wednesday 23rd March 2011.
Copart UK Managing Director Nigel Paget commented on the acquisition The purchase of Hewitt International is fantastic news for Copart as Hewitt International has particular expertise in handling Agricultural equipment. Copart is committed to the continued provision of a wide range of agricultural vehicles to our broad buyer base.
The Copart Wolverhampton facility opened on Monday 14th March and is now fully operational providing on-line auctions as well as a broader, larger range of vehicles available to all Members.
Copart
Copart is a leading online remarketer of vehicles, selling more than one million vehicles per year, c200,000 in the UK. Copart provides suppliers, primarily insurance companies, with a full range of remarketing services to expose their product to buyers in more than 60 countries. Those buyers include licensed dismantlers; rebuilders used vehicle dealers and exporters. Copart was founded in 1982 by CEO Willis Johnson, who started the company with the acquisition of a single salvage yard in California. In 1994 he took the company public. Copart now trades on the NASDAQ exchange and operates over 140 facilities in the United Kingdom, United States and Canada.
One of the reasons for Coparts growth is in its online technology, called VB2. This technology allows buyers from around the world to bid on vehicles without leaving their office or home, opening up markets and tearing down geographical barriers. VB2 makes the sales process much more efficient, so much so that Copart sells a car every 8 seconds, on average. Copart has been named in Forbes Top Small Companies list seven years in a row and has also been named in Business Weeks Top Small Companies list. Copart employs more than 2,500 dedicated staff whose goal is to deliver legendary service to our customers each and every day.