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You are here: Home / Archives for Acquisitions

Hyundai Acquires Robotics Firm Boston Dynamics from SoftBank

June 23, 2021 By CollisionWeek Editor

Hyundai Acquires Robotics Firm Boston Dynamics from SoftBank

Hyundai Motor Group, Boston Dynamics, Inc. and SoftBank Group Corp. (SoftBank), on June 21 announced the completion of the Group’s acquisition of a controlling interest in Boston Dynamics from SoftBank, following the receipt of regulatory approvals and other customary closing conditions. The deal valued the mobile robot firm at $1.1 billion. Additional financial details were […]

Filed Under: News Tagged With: Acquisitions, Artificial Intelligence, Autonomous Vehicles, Boston Dynamics, Hyundai, Robotics

Signature Collision Centers Merges with Crash Champions

June 22, 2021 By CollisionWeek Editor

Signature Collision Centers Merges with Crash Champions

Following transaction, Crash Champions will have 118 collision repair centers across the U.S. Crash Champions announced today that the Company has entered into an agreement with Signature Collision Centers, one of the largest family owned, independent collision repair companies on the East Coast, to add Signature’s 24 locations to the Crash Champions collision repair platform. […]

Filed Under: News Tagged With: Acquisitions, Crash Champions, District of Columbia, Florida, Maryland, North Carolina, Pennsylvania, Signature Collision Centers

IAA Acquires Auto Exchange

June 21, 2021 By CollisionWeek Editor

IAA logo

Expands company’s footprint in New Jersey market. IAA, Inc. (NYSE: IAA) announced today that it has acquired the entirety of the assets of Marisat, Inc. that does business as Auto Exchange, a salvage recovery industry leader in New Jersey.  IAA will operate the business of Auto Exchange going forward.  Financial terms of the transaction were […]

Filed Under: News Tagged With: Acquisitions, Insurance Auto Auctions, New Jersey

Boyd Group Acquires Collision Repair Center in Pittsburgh

June 18, 2021 By CollisionWeek Editor

The Boyd Group Inc. announced the acquisition of a collision repair center in Pittsburgh, Pa. This new Gerber Collision & Glass location operated as Wolbert Auto Body & Repair and provided service in the community for 49 years. Pittsburgh is the second largest city in Pennsylvania, the county seat of Allegheny County, and the primary […]

Filed Under: News Tagged With: Acquisitions, Boyd Group, Pennsylvania

Cambridge Mobile Telematics Acquires TrueMotion

June 18, 2021 By CollisionWeek Editor

Cambridge Mobile Telematics (CMT), the leader in mobile telematics and analytics, announced it has acquired TrueMotion, the second largest mobile telematics provider. CMT will now provide telematics services to 21 out of the 25 largest auto insurers in the United States, and across more than 20 countries, including Canada, the United Kingdom, Germany, South Africa, […]

Filed Under: News Tagged With: Acquisitions, Cambridge Mobile Telematics, Telematics

Atlas Copco Acquires North Carolina Compressor Distributor

June 17, 2021 By CollisionWeek Editor

Atlas Copco has acquired the operating assets of Compressed Air Systems, Inc. (CAS), a distributor of compressors located in North Carolina in the U.S.  CAS is a privately owned company and has 30 employees. The company is located in Salisbury, North Carolina. CAS will become part of the service division within the Compressor Technique Business Area. […]

Filed Under: News Tagged With: Acquisitions, Atlas Copco, North Carolina

Boyd Group Acquires Collision Repair Center in New York State

June 15, 2021 By CollisionWeek Editor

The Boyd Group Inc. announced the acquisition of a collision repair center in Victor, N.Y. This new Gerber Collision & Glass location operated as Austin-Spencer Collision Repair Center – Victor, servicing the community for 35 years. Victor is located in the northwest corner of Ontario County and appeals to many commuters with its proximity to […]

Filed Under: News Tagged With: Acquisitions, Boyd Group, New York State

Classic Collision Acquires 4 Collision Repair Centers in Florida

June 15, 2021 By CollisionWeek Editor

Classic Collision, LLC announced its newest acquisition of all four Mitchco Collision Repair centers in Florida. Classic Collision now operates 25 repair centers in Florida and a total of 78 nationwide in Georgia, Florida, Alabama, South Carolina, California, and Alaska. Mitchco Collision Repair is a family-owned and operated auto repair business providing friendly and quality […]

Filed Under: News Tagged With: Acquisitions, Classic Collision, Florida

Crash Champions Enters Northern California Market with Acquisition of Two Collision Repair Centers

June 15, 2021 By CollisionWeek Editor

Crash Champions, LLC announced it has entered the Northern California market through the acquisition of American Autobody Specialist (AAS), located in Fairfield, Calif., and Diablo Auto Body, located in Pleasanton. With a presence already established in Southern California, the company now has 27 collision repair centers across the state. “We are excited to launch and […]

Filed Under: News Tagged With: Acquisitions, California, Crash Champions

AsTech Acquires Mobile Tech RX

June 15, 2021 By CollisionWeek Editor

Repairify, Inc., the parent of AsTech, announced today it acquired Mobile Tech RX, an automotive and collision repair reconditioning application with over 4,000 companies and approximately 6,000 active users. The application enables technicians to estimate, invoice, manage teams and collision repair workflow, process repair orders and capture data on-the-go through their mobile devices. Mobile Tech […]

Filed Under: News Tagged With: Acquisitions, asTech, Kinderhook Industries, Repairify

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