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J.D. Power Acquires ALG

By Staff Writer August 10, 2020

J.D. Power announced it has entered into an agreement to purchase ALG Inc., from TrueCar, Inc., for $135 million. ALG is an industry authority on automotive residual value projections in both the United States and Canada, and the acquisition is expected to augment offerings from the data & analytics division of J.D. Power.

“We believe ALG will bring complementary strengths and value to J.D. Power and its clients,” said Dave Habiger, president and CEO of J.D. Power. “For more than 50 years, ALG has been a trusted data provider to the automotive industry delivering accurate and reliable residual value forecasts. Adding that component to our extensive data assets, valuation expertise and analytic tools will enable us to provide even more value to our clients. We are excited to welcome the ALG team to J.D. Power.”

The combination of J.D. Power’s capabilities and data with ALG’s experience in residual values should allow for even more accurate end-of-lease forecasting.

The transaction is expected to close by the end of 2020 and is subject to customary closing conditions as well as regulatory review and approval. Upon approval and close, all 40 ALG employees will join J.D. Power.

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Last modified on Monday, 10 August 2020 15:47

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