ARI acquires Ready2Ride, Inc. for aftermarket fitment data
August 21, 2012
Filed under News
ARI Network Services, Inc., will provide both OEM and aftermarket fitment data to nearly 10,000 dealers in the powersports industry thanks to its acquisition of Ready2Ride, Inc.
Ready2Ride Inc., of Floyds Knobs, Ind., is the first-to-market and leading provider of enhanced aftermarket fitment data for the powersports industry. Terms of the transaction were not disclosed.
“This acquisition is consistent with our strategy to grow the business both organically and through acquisitions. It strengthens our position as the premier provider of solutions that drive sales on dealer websites and across parts counters,” said Roy W. Olivier, president and CEO of ARI. “Ready2Ride is the first to market an aftermarket fitment data service to the powersports industry. Working together, we will accelerate the development of new solutions that are natural additions to dealers’ parts counters and websites. We believe this will help our customers dramatically increase online and in-store sales of aftermarket parts, garments and accessories.”
According to Olivier, ARI will begin marketing these products to approximately 10,000 dealers in fiscal year 2013. Additionally, ARI plans to launch the product to the marine industry during ARI’s fiscal year 2014.
"We share a common vision about the future and the critical role fitment data plays in driving retail and eCommerce transactions," said Jamie Longacre, president of Ready2Ride. “We are delighted to be joining forces with ARI. In addition to continuing to provide excellent service to our customers, including the world’s largest online auction and online retailer, we now have the resources to accelerate innovation and enhance the value and scope of services across the industry.”
“While we do not expect the acquisition to have a significant impact on earnings per share in our current fiscal year, we do expect the acquisition to drive organic revenue growth in fiscal year 2013 and be accretive to shareholders beginning in fiscal year 2014,” ARI chief financial officer Darin Janecek said.