Accident Exchange, the accident management company, has acquired automotive software solutions provider, DCML, for £12 million.

Accident Exchange said DCML is best recognised for its dealer car manager software. DCML has contractual relations with 966 dealers nationwide.

Steve Evans, chief executive of Accident Exchange, says: “DCML represents an important addition to Accident Exchange in terms of our philosophy of assisting dealers to use technology to make cost savings and identify revenue opportunities.”

He also said the acquisition creates the opportunity for increased cross-selling between the existing customer bases of the two businesses.