Overdrive's parent company, Randall-Reilly, has acquired Informa's Asset Intelligence Business unit, comprised of FleetSeek, Equipment Watch and Price Digests.
The brands provide proprietary pricing data, information and insights to businesses making decisions and investments in heavy construction equipment, commercial vehicles and other infrastructure assets.
"Strategically, these highly regarded brands really help us advance our progress toward being the go-to source for pricing and analytics in America's most vital industries," said Matt Reilly, president and CEO of Randall-Reilly. "They're a perfect complement to our equipment market intelligence platforms, EDA and Rig Dig, and equipmentexperts.com, our performance-based used equipment marketplace."
Price Digests is a top provider of commercial truck information and valuation data to insurers and others along the commercial vehicle value chain; FleetSeek is a database of 500,000 carriers with market intelligence used by trucking product and service providers; and Equipment Watch is a leader in construction equipment valuation and operating cost data to contractors and state DOTs.
"We wish the Asset Intelligence team continued success under their new ownership,” said Simon Ferguson, President at Informa Intelligence. “They have much to be proud of, and we are confident that Randall-Reilly will fuel further growth for these industry-leading brands."
"Adding these insights to our existing platforms means no other company better understands heavy equipment buyer behavior and risk profile, than Randall-Reilly," said Prescott Shibles, EVP & Division GM of Randall-Reilly.