Announced
Financials
Sources
Tags
technology
driver assistance systems
Single Bidder
Friendly
Canada
Pending
Acquisition
Domestic
Private
Software
Majority
Private Equity
Synopsis
Kinderhook Industries-backed Repairify, a provider of remote diagnostic solutions and services, agreed to acquire adasThink, which retrieves information related to the vehicle-specific advanced driver-assistance systems and identifies required ADAS procedures and calibration based on labor operations in an automotive repair estimate. Financial terms of the transaction were not disclosed. "adasThink is a strategic acquisition that allows asTech to augment its service offering with identification of advanced vehicle systems that do not display a diagnostic trouble code. While these systems do not display diagnostic trouble codes, calibrations are necessary to ensure that vehicles are functioning as designed by the manufacturer," Paul Cifelli, Kinderhook Managing Director.
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