UK-based Thatcham Research announced that Ben Townsend is taking up a new position as head of automotive. Townsend will spearhead the risk intelligence company’s emergent ‘automotive vertical’ function, which is focused on supporting the wider sector in delivering safe, secure, and repairable mobility. This is part of an ongoing process to align the business to […]
Group 1 Automotive Agrees to Acquire Inchcape U.K. Auto Dealerships
Group 1 Automotive, Inc. (NYSE: GPI) announced an agreement to acquire the U.K. automotive retailing business and related owned real estate from a subsidiary of Inchcape plc for approximately $439 million (£346 million) in an all-cash transaction, inclusive of $279 million (£220 million) of appraised real estate value. In 2023, the Inchcape U.K. dealerships generated […]
Thatcham Research and Chery Automobile Partner on Insurability in Vehicle Design
UK-based Thatcham Research announced a strategic partnership with Chery Automobile Co., Ltd, one of China’s leading vehicle manufacturers on vehicle insurability and repair procedure production. Signed in Wuhu, China, the agreement continues Thatcham’s mission to integrate repairability into early-stage vehicle design. According to the organization, the new partnership represents a pivotal shift towards a more […]
Axalta Refinish Appointed Preferred Supplier by UK Insurers LV= and Allianz
Axalta Refinish have signed a five-year agreement with leading insurers, LV= General Insurance (LV= GI) and Allianz in the United Kingdom. Under the terms of the agreement, Axalta Refinish will become a preferred supplier to LV= and Allianz’s UK network of refinish technology through its premium refinish brands Cromax, Spies Hecker, Standox as well as […]
Chiltern Capital Invests in UK’s Rapid Repair Network
Chiltern Capital LLP announced it has completed an investment in Rapid Repair Network, a leading provider of same-day accident repairs in the United Kingdom. Rapid Repair Network has grown strongly since its foundation in 2018, developing a strong market position that underpins its ambitious growth plans. Rapid Repair Network has successfully grown its customer base […]
UK’s Steer Automotive Group Acquires 11 Collision Repair Centers
Steer Automotive Group, the UK’s largest multiple shop operator (MSO) announced the acquisition of Lovells Auto Body Centres and Pronto Accident Repair Centres. The integration of Lovells and Pronto’s 11 sites across the East of England complements our group’s current East Midlands’ footprint. Lovells Auto Body Centre emerged in 1972 from the Lovells family garage […]
UK’s National Body Repair Association Supports Call for In-Vehicle Data Access Legislation
As a member of the Association Internationale des Réparateurs en Carrosserie (AIRC) the UK’s National Body Repair Association (NBRA) announced it supports the call for legislation to enable access to in-vehicle data that was made by 10 automotive supplier, service and repair associations in Europe. The AIRC was a signatory of the letter. “The letter, […]
Fix Auto UK Adds Collision Repair Facility to Network in South Wales
Fix Auto UK announced the expansion of its network in South Wales with the appointment of Select Accident Repair Centre which will now operate as Fix Auto Neath. Founded by Kevin Joseph and Kevin Davies, the duo signed papers to join the network shortly before Christmas following a period of major investment which also involved […]
Oakley Capital Acquires Stake in UK’s Steer Automotive Group
Oakley Capital, the pan-European private equity investor, announced it has reached a conditional agreement to invest in Steer Automotive Group, the UK’s largest independent collision repair group. Founded in 2018 by serial entrepreneur Richard Steer, Steer Automotive has expanded through 18 acquisitions, establishing a network of over 100 collision repair centers. Steer, and the current […]
Penske Completes Rybrook Acquisition in the United Kingdom
The Penske Automotive Group, Inc. (NYSE: PAG) announced that it has completed the previously announced acquisition of Rybrook Group Limited consisting of 15 premium dealerships in the United Kingdom, including four BMW dealerships, four MINI dealerships, four Volvo dealerships, two Land Rover dealerships and one Porsche dealership. Three of the BMW locations also retail BMW […]
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