The RepairLogic assistant drafts OEM-sourced repair plans, while the U.K. acquisition adds a fleet repair-authorization network. OEConnection LLC (OEC) introduced three artificial intelligence tools Nov. 2, led by an assistant in its RepairLogic software that drafts collision repair plans from OEM repair procedures. The same day, the company launched a parts marketplace that puts OEM […]
Francisco Partners to Acquire Majority Stake in OEConnection
Francisco Partners has agreed to acquire a majority stake in OEConnection LLC from Genstar Capital, the companies announced today. Financial terms were not disclosed. OEConnection serves 45 vehicle manufacturers, 30,000 auto dealers and 135,000 wholesale customers across six countries. Genstar Capital, Ford Motor Co. and General Motors will remain minority investors in the transaction. Genstar […]