Net2Auction Inc. has expanded its presence in the eBay drop-off store business to 72 locations across 15 states with its acquisition of AuctionWagon Inc., Net2Auction said. Terms of the deal were not disclosed.
The acquisition includes the back-end processing system that AuctionWagon used to process auction listings on eBay.com and handle payment transactions for customers who dropped products off at one of 23 locations. Net2Auction did not acquire the 23 independent drop-off stores themselves, but will now provide them with processing services.
The deal includes AuctionWagon’s Store Manager Pro software, which is used as a stand-alone eBay consignment system in another 145 drop-off stores in the U.S. and abroad.
"This was a very strategic acquisition for Net2Auction, as we now have a handle on all aspects of the eBay drop off industry including eBay drop off locations, processing services, and leading software development,” said Net2Auction president Delmar Janovec.
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