CARMEL, Ind. –

ADESA subsidiary AutoVIN has signed a definitive agreement to purchase the vehicle inspection business of DataScan Field Services.

The closing of the deal — which is subject to conditions — is projected to happen within 60 days. The two combined companies plan to provide all major leasing companies and auto lenders with inspection services.

This news comes less than a week after ADESA announced it was purchasing Pittsburgh Auto Auction.

 “AutoVIN’s field inspectors provide peace of mind for our clients who want a professional, competent experience for their customers and business partners. And, our geographic reach ensures their portfolios are inspected and processed in a timely manner,” said Stéphane St-Hilaire, president and chief executive officer at ADESA.

“This acquisition will provide an unmatched offering by combining DataScan’s innovative technology for capturing vehicle information and communicating customer data with AutoVIN’s vehicle inspection expertise and ADESA’s renowned customer service,” he continued.

The move would allow DataScan to be “singularly focused on the wholesale finance industry,” said DataScan president Brent Sergot.

“This transaction with AutoVIN presents the best possible solution for our clients and our associates. With their reputation for delivering exceptional service to their clients and for treating their employees with the same level of dedication, we knew the best home for the business was with AutoVIN,” Sergot said.

“This is a strategic business decision for DataScan to now be singularly focused on the wholesale finance industry in order to continue to build upon our position as the leading provider of floorplan accounting software and inventory verification solutions,” he added. “We are dedicated to growing our market share, finding ways to continually do it better and positioning our core businesses to operate at peak performance.”