Pinewood Technologies to acquire Southern Africa SaaS assets from Motify Group for £2.5 million
LONDON: Pinewood Technologies Group, a leading cloud-based software provider for the automotive retail industry, announced Monday it has agreed to acquire key assets of the Pinewood Dealer Management System business from entities within the Motify Group (collectively known as PWSA) for £2.5 million in cash. The acquisition, made through Pinewood’s wholly owned South African subsidiary,…