Automotive technical information provider, Autodata has been acquired by investment firms Bowmark Capital and Five Arrows for an undisclosed sum.
Bowmark Capital is a name with experience in the information and data industry, while Five Arrows is the principal investing arm of the Rothschild Group.
Established more than 40 years ago, Autodata is known for providing information covering more than 80 vehicle manufacturers and 17,000 models.
Autodata Chief Executive, Rod Williams, said: “A major factor in the selection of Bowmark and Five Arrows was their agreement and desire to maintain Autodata’s complete independence going forwards. This, coupled with their ability to make available significant additional funding to support our continued growth and expansion, made for the most compelling business case.”
News of the change in ownership comes as the company rolls out its new web application that differs from the firm’s existing offerings by providing a different platform and the option of pay-as-you-go access.
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