Specialist automotive technical information provider, Autodata, has announced that it is under new ownership.
After a comprehensive selection process, the Maidenhead company’s shareholders chose Bowmark Capital and Five Arrows as its new investment partners.
Bowmark Capital has significant experience in the information and data industry, while Five Arrows is the principal investing arm of the Rothschild Group.
Established more than 40 years ago, Autodata provides workshop data covering more than 80 vehicle manufacturers and 17,000 models to independent and franchised dealers.
Autodata chief executive Rod Williams said: “A major factor in the selection of Bowmark and Five Arrows was their agreement and desire to maintain Autodata’s complete independence going forwards.
“This, coupled with their ability to make available significant additional funding to support our continued growth and expansion, made for the most compelling business case.”
News of the change in ownership of Autodata comes as the company rolls out its new web application across Europe, setting new standards in the delivery of automotive technical information.