The firm said the acquisition signals its commitment to the used vehicle market in Scotland.

Shotts, which is based between the cities of Edinburgh and Glasgow, operates from a 10-acre site with two auction lanes and undercover storage for up to 250 vehicles.

Under the deal, the Shotts management team and colleagues will be transferred as Manheim employees under TUPE regulations whilst managing director, Ian Irvine, has been appointed regional director for Manheim Scotland. In his new role, he is responsible for business development and service delivery across both the former Shotts site, as well as the existing Manheim site in Glasgow.

Irvine said: ‘Having considered all of the options, I know that our decision to join the Manheim family is the right one for the Shotts Motor Auctions business. Being part of the world's biggest vehicle remarketing business gives us the assurance, insight and financial backing to grow Manheim's market share in Scotland.

‘Looking ahead, it is business as usual for us – we have our next cars/light commercials sale on March 18th. In the longer term, we will be developing a series of services that meet the needs of customers in the region. It's an incredibly exciting time for us and we're looking forward to being part of building Manheim's presence and influence in the Scottish used vehicle market-place.’