PNC Riverarch Capital announced the acquisition of Painters Supply & Equipment Co. (PSE), the distributor of automotive, industrial, and architectural coatings headquartered in Taylor, Mich. PSE has 21 branch locations across Michigan, Ohio, and Indiana. PSE serves more than 4,000 customers, including collision repair shops, auto dealerships, fleet operators, and various other commercial and industrial […]
European Commission Fines Three Vehicle Lighting System Producers €27 million in Antitrust Settlement on Parts Sales to Aftermarket
The European Commission has fined Automotive Lighting and Hella a total of €26,744,000 ($29.78 million) for participating in an automotive lighting cartel, in breach of EU antitrust rules. Valeo was not fined as it revealed the cartel to the Commission. All companies admitted their involvement and agreed to settle. The investigation concerned the aftermarket segment […]
Service King Welcomes 34 Technicians Apprenticeship Program
Service King Collision Repair Centers yesterday welcomed 34 technicians at seven signing day events held across the country for its Apprentice Development Program. The events signaled the start of a hands-on 52-week paid training program designed to prepare aspiring technicians for a successful career at Service King and in the collision repair field. Service King’s […]
ASA Leaders Discuss Tax Policy at White House Meeting
On June 14, Automotive Service Association (ASA) board member Bob Wills and Washington, D.C., Representative Bob Redding joined with other automotive industry leaders at the Automobile Industry Tax Reform Listening Session at the White House. Gary Cohn, director of the National Economic Council, spoke to the group about the administration’s tax reform proposals. Wills and […]
Mitchell and Bosch Automotive Partner on Collision Repair Diagnostic System
Collaboration to deliver Mitchell Diagnostics System, a patent-pending collision repair diagnostic system, that combines an aftermarket scan tool with a workflow application to document pre- and post-repair scans. Mitchell today announced a collaboration with Bosch Automotive Service Solutions in North America to deliver the Mitchell Diagnostics system, designed specifically for the collision repair and automotive […]
Opus Group Acquires Autologic Diagnostics
The Opus Group AB (STO:OPUS)announced June 16 it has acquired Autologic Diagnostics (Holdings) Ltd, the UK-based automotive diagnostics firm. The purchase price is £8 million ($10.1 million) on a cash and debt free basis. Autologic had 2016 revenues of approximately £16.5 million ($20.8 million) with earnings before interest, taxes, depreciation and amortization (EBITDA) adjusted for non-recurring […]
U.S. Body Repair Prices, Auto Insurance and Inflation Through May 2017
Auto body repair prices in May up more than two percent compared to year ago. Auto insurance prices were up 7 percent during the same period. The most recent government figures on inflation through May 2017 indicate the rate of growth of auto body repair prices continue to increase slightly above the rate of inflation […]
Driven Brands Selects Medallia to Capture Customer Experience
Medallia, Inc. has partnered with Driven Brands, the parent of company of Maaco, Meineke, Take 5 Oil Change, CARSTAR and 1 800 Radiator, to capture customer feedback and provide insights tailored to each brand and franchise location. Driven Brands, headquartered in Charlotte, North Carolina, has more than 2,500 franchise locations. Medallia and Driven Brands partnered […]
BASF Opens Renovated Refinish Competence Center in Netherlands
BASF’s R-M brand announced the reopening of its completely renovated Refinish Competence Center in Maarssen, Netherlands on June 15. More than 100 R-M customers came to Maarssen to celebrate the opening. During the renovation, which began late last year and was ready at the beginning of this year, a new spraybooth with high panorama windows […]
Mitchell Artificial Intelligence Partner Tractable Secures $8 Million Investment
Tractable, a deep learning company specializing in computer vision, announced an $8 million Series A investment led by Ignition Partners, an enterprise tech-focused venture firm with offices in Silicon Valley and Seattle. Other investors include Zetta Venture Partners, a venture capital firm focused on artificial intelligence, as well as insurance industry leaders such as Andy […]
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