Keysight and ElringKlinger AG Collaborate to Advance E-mobility

ElringKlinger equips laboratories with Keysight’s Scienlab Battery Test Solutions SANTA ROSA, Calif. & DETTINGEN AN DER ERMS, Germany–(BUSINESS WIRE)–#EV–Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that helps enterprises, service providers and governments accelerate innovation to connect and secure the world, and ElringKlinger, one of the world’s leading technological partner to the automotive industry, […]

MidOcean Partners Acquires FullSpeed Automotive, a Leading Platform in Auto Aftermarket Services

NEW YORK–(BUSINESS WIRE)–MidOcean Partners, a premier middle market private equity firm focused on the business services and consumer sectors, announced today that it has acquired FullSpeed Automotive (“FullSpeed” or the “Company”) from CenterOak Partners. FullSpeed is an industry leading auto aftermarket services platform offering oil changes, tire sales and rotations, brake services, car washes and […]

CenterOak Partners Announces Sale of FullSpeed Automotive, the Fourth Largest Quick Lube Operator in the U.S.

DALLAS–(BUSINESS WIRE)–CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced the sale of FullSpeed Automotive (“FullSpeed” or the “Company”), the fourth largest quick lube operator in the U.S., to MidOcean Partners. Financial terms of the transaction were not disclosed. Based in Greenwood Village, CO, FullSpeed operates primarily under the Grease Monkey and SpeeDee […]

J.D. Power Poised to Set New Vision for Automotive Forecasting After Completing ALG Acquisition

Integration of Residual Value Forecasting Technology Increases Strength and Precision of J.D. Power Data & Analytics Portfolio TROY, Mich.–(BUSINESS WIRE)–Completing its purchase today of ALG from TrueCar, Inc., J.D. Power will dramatically broaden its vision of automotive residual value forecasting, especially important as the industry prepares to launch a wave of new electric vehicle (EV) […]

Francisco Partners to Acquire International Business of CDK Global for $1.45 Billion

Unique Opportunity to Acquire Leading Provider of Automotive Retail Software in EMEA and Asia and Accelerate Product Development and Growth in Support of Industry Transformation LONDON & SAN FRANCISCO–(BUSINESS WIRE)–Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, announced today the execution of a definitive agreement with CDK Global, Inc. […]

PPG to Acquire Global Coatings Manufacturer Ennis-Flint

PITTSBURGH–(BUSINESS WIRE)–PPG (NYSE:PPG) today announced that it has reached a definitive agreement to acquire Ennis-Flint, a global manufacturer of coatings with a broad portfolio of pavement marking products, including paint, thermoplastics and other advanced traffic technologies. The transaction, valued at approximately $1.15 billion, is expected to close within the next few months, subject to customary […]

Wrench Mobile Vehicle Inspection, Maintenance and Repair Service Joins the Openbay Marketplace to Meet Growing Demand for Convenient and Contactless Automotive Service

CAMBRIDGE, Mass.–(BUSINESS WIRE)–Openbay, the industry-leading automotive service marketplace and SaaS company, today announced its partnership with Wrench, the largest vehicle Inspection and Maintenance and Repair platform in the U.S. Wrench’s technology platform streamlines the delivery of over 750 high-quality, on-location, contactless automotive services to owners of private and commercial vehicles. Wrench’s pre-purchase car inspection service […]

The Lion Electric Company and Northern Genesis Acquisition Corp. Announce Merger and Commitments for $200 Million in a PIPE; Combined Company Expected to be Listed on NYSE

The Lion Electric Company (“Lion” or the “Company”), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, is combining with Northern Genesis Acquisition Corp. (“Northern Genesis”) (NYSE: NGA) and the combined entity is expected to be listed on the New York Stock Exchange (NYSE) under the new ticker symbol “LEV”. Pro forma implied market […]