Rover (ROVR)

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Rover Group Announces Binding Scheme Implementation Deed with Mad Paws, Australia's Leading Online Pet Care Marketplace
GlobeNewswire News Room· 2025-07-21 23:27
Company Overview - Rover is the world's largest online marketplace for pet care, founded in 2011 and based in Seattle, Washington, connecting pet parents with pet care providers across 16 countries [8] - Mad Paws, founded in 2015, operates Australia's leading online pet ecosystem, facilitating over 400,000 transactions in 2024 and supporting over 300,000 active pet parents and 70,000 registered pet care providers [2][10] Acquisition Details - Rover has entered into a Scheme Implementation Deed (SID) to acquire 100% of Mad Paws shares, marking Rover's first entry into the Australian market [1][4] - The proposed acquisition values Mad Paws at approximately A$62 million, with shareholders set to receive A$0.14 per share in cash [4] - The transaction includes approximately A$13 million in cash proceeds from the planned sale of Mad Paws' Pet Chemist business [4] Strategic Implications - The acquisition is seen as a pivotal moment for Rover's international growth, with Australia representing a significant market opportunity worth approximately A$30 billion [3] - Mad Paws will continue to operate under its own brand in Sydney, led by its current CEO, Justus Hammer, post-acquisition [3][6] Approval and Conditions - The transaction is subject to several conditions, including the completion of the divestment of Mad Paws' Pet Chemist business, Australian Foreign Investment Review Board approval, and approvals from Mad Paws shareholders and the Australian court [6]
ECD Automotive Design's “Project Wilder” — A Powerful 700+ HP Supercharged California Land Rover Station Wagon
GlobeNewswire News Room· 2025-07-15 12:05
Company Overview - ECD Automotive Design is a public company trading under the ticker ECDA on Nasdaq, specializing in the creation of restored luxury vehicles that blend classic aesthetics with modern performance [10] - Founded in 2013 by three British automotive enthusiasts, the company emphasizes high standards for quality and custom luxury vehicles, with each vehicle being bespoke and hand-built over 2,200 hours by master-certified craftsmen [10] - ECD's headquarters is located in Kissimmee, Florida, featuring a 100,000-square-foot facility with 105 employees, including those with 80 ASE certifications and five master-level certifications [10] Product Highlight: Project Wilder - Project Wilder is a hand-crafted California Land Rover Station Wagon, designed to deliver over 700 horsepower and is ECD's most powerful off-road build to date [2][4] - The vehicle features a supercharged GM Blueprint V8 engine, a 6-speed Magnum T56 manual transmission, and a Borla Sport dual exhaust system, allowing for customizable sound [4][9] - The exterior design includes Eastnor Green paint with Nara Bronze accents, 20-inch Kahn Mondial Retro wheels, and a robust chassis coated in Raptor Liner for durability [3][5][9] Interior Features - The interior of Project Wilder is characterized by luxury, featuring Buffalo Distressed Cuoio leather, Sapele walnut wood trim, and RECARO Orthopeds seats for exceptional comfort [6][7] - Advanced technology includes a panoramic roof, premium audio systems, and modern connectivity features such as CarPlay and digital mirrors [7][9] - Custom elements like a NARDI Kallista wooden steering wheel and handmade controls enhance the vehicle's unique craftsmanship [6][9] Market Positioning - Project Wilder is positioned as a high-end, bespoke vehicle aimed at clients seeking more than just a standard off-road experience; it is marketed as a collector's piece or a dream vehicle [5][8] - The vehicle combines raw power with refined details, appealing to a niche market that values both performance and luxury [8]
Rover Group (ROVR) Earnings Call Presentation
2025-06-19 12:48
Investor Presentation February 2021 Legal Disclaimer This presentation contains proprietary and confidential information regarding A Place for Rover, Inc. ("Rover") and Nebula Caravel Acquisition Corporation ("NCAC") and is being provided on a strictly confidential basis to assist interested parties in making their own evaluation with respect to a potential business combination between Rover and NCAC and related transactions (the "Potential Business Combination") and for no other purpose. By reviewing or re ...
ECD Auto Design Now Accepting Cryptocurrency Payments via BitPay
GlobeNewswire News Room· 2025-03-20 11:55
Core Insights - ECD Auto Design has begun accepting cryptocurrency payments through BitPay, enhancing its global reach and providing clients with a secure purchasing option for luxury vehicles [1][2][3] Company Overview - ECD Auto Design specializes in custom luxury vehicle restorations, focusing on models such as Land Rover Defenders, Range Rover Classics, Jaguar E-Types, Mustangs, and Toyota FJs [1][7] - The company was founded in 2013 and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled workers with a combined total of 80 ASE certifications [7] Cryptocurrency Integration - By accepting cryptocurrency, ECD Auto Design aims to cater to a growing demographic of crypto enthusiasts and high-net-worth individuals who value the efficiency of digital transactions [2][5] - The integration of BitPay allows ECD Auto Design to benefit from reduced transaction fees, enhanced security, and next-business-day settlement in USD, mitigating concerns about cryptocurrency volatility [3][4] Industry Impact - ECD Auto Design recognizes the potential of cryptocurrency to transform the luxury automotive industry by enabling faster, more secure, and borderless transactions [5] - BitPay, as a pioneer in blockchain payment processing, supports businesses in adopting cryptocurrency, aiming to increase its acceptance as a future payment method [5][8]
ECD Auto Design Opens New Collaboration Opportunities for Luxury Brands
GlobeNewswire News Room· 2024-10-29 12:54
Core Insights - ECD Auto Design is expanding collaboration opportunities for high-end luxury brands to engage in joint marketing campaigns and exclusive product placements featuring their bespoke vehicles [1][2][3] Company Overview - ECD Auto Design specializes in custom-built luxury vehicles, including classic models like Land Rover Defenders, Range Rover Classics, Jaguar E-Types, Toyota FJ's, and Ford Mustangs [1][4] - The company was founded in 2013 and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 90 craftsmen and technicians with extensive certifications [5] Collaboration Opportunities - ECD offers joint product placement for luxury brands to showcase their products alongside ECD vehicles in various marketing formats, enhancing brand visibility among affluent audiences [2] - Exclusive use of ECD vehicles is available for select partners, allowing them to feature these custom vehicles in brand campaigns and events [2] - ECD will co-host luxury events with partners, creating immersive experiences that highlight both the vehicles and the collaborating brands [2][3] Unique Selling Proposition - ECD's vehicles are fully bespoke, designed through a luxury experience, and hand-built over 2,200 hours by master-certified craftsmen, ensuring high standards of quality and exclusivity [4][5]
ECD Auto Design Unveils First Built-for-Inventory Classic Land Rover 4x4 and Debuts a New Custom Dashboard
GlobeNewswire News Room· 2024-10-22 12:54
Core Insights - ECD Auto Design has launched its first built-for-inventory custom Land Rover, addressing the growing demand for immediately available restored vehicles [1][2] - The new inventory model allows for a limited production run of vehicles priced starting at $249,995, combining ECD's craftsmanship with reduced wait times [2][3] Company Overview - ECD Auto Design specializes in custom luxury vehicle restoration, focusing on blending classic designs with modern performance [12] - Founded in 2013, the company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 90 craftsmen and technicians [12] Product Details - The first built-for-inventory Land Rover features an LS3 6.2L V8 engine, 6-speed automatic transmission, heavy-duty axles, and disc brakes, designed for a powerful driving experience [3][10] - The vehicle includes modern safety features such as a 6-point full external roll cage and a NAS-style rear bumper, emphasizing durability and versatility [4][11] Interior Features - The interior is designed for luxury and comfort, featuring Corbeau Sport seats wrapped in black leather, a custom dashboard with modern technology, and heated front seats [5][6][11] - Additional premium features include a MOMO Prototipo steering wheel, digital rearview mirror, and multiple USB ports, ensuring a high-tech driving experience [6][11] Market Positioning - ECD's built-for-inventory model maintains the company's commitment to quality while providing clients with immediate access to luxury vehicles [7] - The approach caters to customers who value craftsmanship and wish to avoid the lengthy custom build process, reflecting ECD's adaptability to market demands [2][3]
ECD Auto Design Spotlights Premium Accessories for One-Of-One Vehicle Transformations
GlobeNewswire News Room· 2024-10-09 12:54
Core Insights - ECD Auto Design specializes in custom luxury vehicle restorations, focusing on brands like Land Rover, Jaguar, Mustang, and Toyota, and offers a wide range of premium accessories to enhance vehicle personalization and functionality [1][12]. Customization Options - The company provides over 2 million design combinations, allowing clients to create truly unique vehicles tailored to their preferences [2]. - Customization includes options such as one-of-a-kind paint coatings, premium sound systems, and advanced off-road gear, enhancing both luxury and performance [2][11]. Accessory Offerings - Adventure accessories include custom ski racks and a beach runner accessory rack designed for versatile outdoor activities [5]. - The collaboration with Turtleback Trailers offers a custom overnight camping trailer, featuring amenities like a sleeping area, shower, and cooking space [6][7]. Convenience and Interior Upgrades - Convenience upgrades feature custom dog ramps, power folding side steps, and panoramic roof options, enhancing accessibility and comfort [8]. - Interior upgrades include a halo style radio screen, extended center consoles, and custom cargo drawer systems, blending modern technology with classic design [9][10]. Company Background - ECD Auto Design, publicly traded under ECDA on Nasdaq, was founded in 2013 and is known for its bespoke vehicle restorations, taking approximately 2,200 hours to hand-build each vehicle [13]. - The company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 90 craftsmen with extensive certifications [13].
Carbon Revolution Supplies Carbon Fiber Wheels For Range Rover Sport SV Edition Two
GlobeNewswire News Room· 2024-08-12 10:30
Core Insights - Carbon Revolution plc has announced its supply of lightweight carbon fiber wheels for the newly launched Range Rover Sport SV Edition Two, following the success of the Edition One [1][2] - The 23-inch carbon fiber wheels contribute to a significant weight reduction of 167.6 lbs (76 kg), enhancing the vehicle's performance by allowing it to accelerate from 0-60 mph in as little as 3.6 seconds [2][3] - The company has received positive feedback on its carbon fiber wheels, with demand described as "off the chart" since their debut [3] Company Overview - Carbon Revolution plc is a leading global manufacturer of advanced technology automotive carbon fiber wheels, transitioning from prototypes to mass production for high-performance and luxury vehicles [6] - The company utilizes its patent-pending Diamond Weave Technology™ in the production of its wheels, which are available in both Satin and Gloss finishes [4] - Carbon Revolution has been recognized for its innovation and business performance, winning awards at the 2024 Automotive News Pace Awards [4]
Blackstone Completes Acquisition of Rover
Newsfilter· 2024-02-27 13:40
SEATTLE, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Rover Group, Inc. ("Rover" or the "Company"), the world's largest online marketplace for pet care, today announced the completion of its acquisition by private equity funds affiliated with Blackstone ("Blackstone") in an all-cash transaction valued at approximately $2.3 billion. The transaction was previously announced on November 29, 2023 and was approved by Rover stockholders at Rover's special meeting of stockholders held on February 22, 2024. With the completio ...
Kuehn Law Encourages ROVR, JNPR, HMST and TGAN Investors to Contact Law Firm
Prnewswire· 2024-01-18 16:13
NEW YORK, Jan. 18, 2024 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers. Kuehn Law may seek additional disclosures or other relief on behalf of the shareholders of these companies. Kuehn Law is investigating whether the Boards of the below companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process: Rover Group, Inc. (Nasdaq: ROVR)Under the ...