LONDON: Pinewood.AI, a leading cloud-based software provider for the automotive retail sector, has agreed to acquire Lithia UK Holdings Limited’s 51% stake in Pinewood North America LLC for $76.5 million, the company announced today. The deal, structured through the issuance of 14,560,691 new ordinary shares in Pinewood.AI at 386.5 pence per share, values the…
LONDON, UK: Marshall Motor Holdings, one of the UK’s leading automotive retail groups, announces the strategic acquisition of the entire issued share capital of Motorline Holdings Limited for a cash consideration of £64.5 million. Funded from the Group’s existing cash resources, the net assets on acquisition include c.£20m of cash and c.£10m of debt.…