James Dillon and Auto Solve have announced a deal under which Dillon will acquire Auto Solve in a cash and stock transaction.
“The announcement marks the combination of the unparalleled automotive technical knowledge of James Dillon with Auto Solve’s heritage of software and data products,” commented Auto Solve Director Simon Capon.
James Dillon said: “The takeover benefits all of Auto Solve’s key stakeholders.
“This acquisition will increase the value that Auto Solve delivers to its customers. For garages and vehicle technicians, an integrated workflow and strengthened technical content will help streamline their diagnostic processes, and in turn, will deliver an excellent return on their investment in Diagnostic Assistance.”
James continued, “The takeover will enable Auto Solve to advance its position in the Automotive Aftermarket, to continue its growth in the UK and expand its market share in Australia, New Zealand and South Africa.”
James finished by saying “Breaking into the USA will be our primary new market objective for 2016.”
Simon Capon will retain a position within the company as chief technical consultant. The company will trade as Auto Solve and the primary customer product will continue to be Diagnostic Assistance.
