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BASF Acquires Majority Share of Belgian Internet Platform UBench

Both companies have agreed not to disclose financial details of the transaction.

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By: Anthony Locicero

Copy Editor, New York Post, Rodman Media

On Sept. 30, BASF acquired a majority share of the internet platform UBench with offices in Turnhout and Geel, Belgium.

Both companies have agreed not to disclose financial details of the transaction.

The transaction includes UBench International NV, CarRoll BVBA and DLight BVBA.

Regulatory approvals are not required.

UBench and its more than 30 employees continuously advance the inhouse developed internet platform and manage the service portfolio for various customers in the automotive aftermarket, such as leasing companies, insurance companies, car manufacturers and companies with large fleets.

UBench will continue its current activities as a standalone business under the umbrella of the newly established UBench BV.

Peter Verbraeken, founder and CEO of UBench, will hold a minority share supporting consistency and future strategic development of the business.

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