Cleveland, OH (PRWEB) June 07, 2017
OEConnection Holdings, LLC, the holding company whose portfolio includes OEC, the leading automotive technology provider for original equipment manufacturers’ (OEM) distribution networks, announced today that it has added to its portfolio by signing a definitive agreement to purchase Clifford Thames Group, a leader in automotive data creation and management.
Headquartered in Chelmsford, England with offices in Detroit, Michigan; Melbourne, Australia; Krakow, Poland; Bonn, Germany; Paris, France; and Chennai, India, Clifford Thames (CT) creates and manages the data needed to repair and maintain vehicles for manufacturers, repairers, leasing and fleet companies, and their partners. CT works with many of the leading auto manufacturers around the world.
As the auto industry’s leading provider of ecommerce technology for original equipment parts, OEC is known for its exceptional solutions across North America, Australia and New Zealand. CT brings complementary products and services to the portfolio of OEConnection Holdings, and an extensive international footprint and unrivaled heritage that will help drive global growth for the company.
“CT provides a significant platform to drive global growth for our overall business,” remarked Chuck Rotuno, Chairman & CEO of OEConnection Holdings. “We look forward to adding their capabilities and products to our portfolio, alongside OEC, to support the global needs of our OEM and dealer network partners.”
“This is a win not only for OEConnection Holdings but also for CT,” added Calvin Barnett, CEO of Clifford Thames Group. “This is one case where the whole is greater than the sum of the parts.”
The deal is subject to customary conditions including receipt of required regulatory approval and is expected to close by the end of the second quarter 2017.
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About OEConnection Holdings LLC
OEConnection Holdings’ portfolio includes OEC, the leading parts ecommerce technology provider for OEM distribution networks, serving over 20 OEMs and 100,000 dealership and repair customers. Providence Equity Partners is the majority stakeholder of OEConnection Holdings; Ford Motor Company and General Motors are minority stakeholders. The company is headquartered in the greater Cleveland area at 4205 Highlander Parkway, Richfield, Ohio, 44286. Additional information is available at http://www.OEConnection.com or by emailing Geo Money at Geo.Money@OEConnection.com.
About Clifford Thames
Clifford Thames is a technology-enabled company building on skills, knowledge and experience in automotive data creation and management. CT sits at the heart of the global automotive aftermarket, serving customers in over 120 countries. Creating and managing the data needed to repair and maintain vehicles for manufacturers, repairers, leasing and fleet companies and their partners, CT’s solutions help drive customer satisfaction and profitability. Additional information is available at http://www.clifford-thames.com.
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