New KAR Global Headquarters and Campus in Carmel, Ind. On Track for Summer 2019 Completion

CARMEL, Ind., Sept. 26, 2018 /PRNewswire/ -- One year after announcing its $80 million investment in central Indiana, KAR Auction Services, Inc. (NYSE: KAR) today announced its new Carmel, Indiana-based corporate headquarters and campus is on track for summer 2019 completion. Construction of the 250,000 square foot office building featuring an open floorplan and broad collaborative workspaces has progressed smoothly. As construction on the new KAR global headquarters continues, the company is also further investing in its workforce with more than 1,200 current job openings in North America, of which more than 100 will be based in Indiana.

"We are creating an environment that fosters creativity, innovation and collaboration in order to attract top-notch talent to further grow our technology, fully integrate our data capabilities and take our digital and online platforms to the next level," said Jim Hallett, chairman and CEO of KAR. "Our new campus will give us the additional space necessary to increase our workforce as we expand our global footprint. Its modern workplace design will inspire the entrepreneurial spirit that has helped us succeed."

KAR, a global automotive company powering the world's most trusted vehicle marketplaces through innovation, technology and people has invested heavily in the digital transformation of the auto remarketing industry. Over the past two years, the company has made data, mobility and digital company acquisitions. Approximately 140 of the current openings are technology-focused roles such as developers and IT professionals – nearly half will be based in Indiana. The company's new headquarters and campus will house its innovation, technology and data as a service divisions and serve as the U.S. headquarters for TradeRev, KAR's mobile app-based auction subsidiary. 

For nearly 30 years, KAR has made central Indiana home. Its new corporate offices will be located two miles south of KAR's current headquarters on the northeast corner of Illinois and W. 111^th streets, reaffirming the company's longstanding commitment to Carmel and central Indiana.

The development team assisting KAR with this project includes: CBRE Group LLC, Ginovus LLC, Ice Miller, PURE Development, RATIO Architects, Shiel Sexton and US Realty.

About KAR Auction Services
KAR Auction Services (NYSE: KAR) provides sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. KAR's unique end-to-end platform supports whole car, salvage, financing, logistics and other ancillary and related services, including the sale of more than 5.5 million units valued at over $40 billion through our auctions. Our integrated physical, online and mobile marketplaces reduce risk, improve transparency and streamline transactions for customers in 120 countries. Headquartered in Carmel, Ind., KAR has approximately 17,500 employees across the United States, Canada, Mexico and the United Kingdom. For more information go to www.karauctionservices.com. For the latest KAR news follow us on Twitter @KARSpeaks.

SOURCE KAR Auction Services, Inc.

Related Links

http://www.karauctionservices.com

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