J.D. Power, a global leader in data analytics, announced today the completion of the acquisition of Autovista Group, a leading provider of data, analytics and insights on the automotive industry in Europe and Australia.
This acquisition, announced in September 2023, brings together Autovista Group’s databases, information and industry expertise with J.D. Power’s cutting-edge predictive analytics, valuations and customer experience databases.
“Autovista Group brings together some of the most well-known brands in Europe and Australia in terms of automotive valuation, repair estimation and predictive analysis, and it has been a pioneer in the use of data-driven information since the early 1930s,” said Dave Habiger, president and CEO of J.D. Power.
“Integrating the Autovista Group team into the J.D. Power family will help us leverage our complementary strengths to develop better forecasting solutions and insights for our global clientele.”
Through its six leading brands – Autovista, Eurotax, Glass’s, Schwacke, Rødboka and EV Volumes – Autovista Group standardizes and categorizes hundreds of technical attributes for virtually every vehicle produced on their markets, providing their customers with a 360-degree view of detailed vehicle data, used in valuations, forecasts and repair estimates.
Likewise, automotive industry stakeholders trust its proven analytical solutions and its team of experienced analysts to obtain detailed insights and benchmarks on vehicle value and ownership, repair and replacement costs.
“We are living a historic moment in the automotive industry where future success will largely be determined by how the industry adapts to major changes in all areas, from new powertrains to the use of AI,” said Lindsey Roberts, former CEO of Autovista Group and current president of J.D. Power Europe.
“I believe that our mutual commitment to data-driven innovation will help our customers navigate this period of change with confidence.”
In addition to Lindsey Roberts, Autovista Group’s executives and its 750 employees will remain within the company and will constitute J.D. Power’s data and analytics platform for the automotive sector in Europe and Australia.
Autovista Group was previously owned by Hayfin Capital Management, a leading European alternative asset management firm.
RBC Capital Markets served as exclusive financial advisor and Kirkland & Ellis served as legal advisor to J.D. Power. TD Cowen was the exclusive financial advisor and Macfarlanes, Cravath, Swaine & Moore and Mishcon de Reya were the legal advisors to Autovista Group and Hayfin.