The Dealer Services Group of Automatic Data Processing Inc. (ADP) purchased Kerridge Computer Co. Ltd., a United Kingdom-based provider of the Autoline dealer management system (DMS), for a reported $300 million.
Founded in 1976, Kerridge is a privately owned company supporting large dealership groups and distribution companies. With 1,300 associates, the company serves nearly 6,000 client sites worldwide, including Western, Central and Eastern Europe, Middle East, South Africa, Asia and China.
A provider of integrated computing solutions to more than 19,500 auto, truck, motorcycle, marine and recreational vehicle dealers throughout the United States, Canada and Western Europe, ADP Dealer Services is the third largest business unit of ADP. The unit offers a full range of Web-enabled dealer management solutions for every area of the dealership.
ADP will continue to fully support dealers on Kerridge's Autoline DMS and maintain the Kerridge operations. With the addition of Kerridge, ADP Dealer Services will provide a wide range of solutions to more than 25,000 clients across 41 countries on four continents.
"In acquiring Kerridge, ADP takes another big step forward in meeting the demands of dealer groups, importers, OEMs, and commercial distributors for global solutions and services,” said Peter Granson, head of ADP Dealer Services International. “This acquisition also represents an opportunity to enter into the commercial distribution market place."
ADP expanded into the powersports and recreational vehicle market segments in August 2004 when it bought the Lightspeed DMS from Utah-based ProQuest Business Solutions. ADP Lightspeed's DMS boasts the largest installed base of users in the powersports industry.
Copyright 2005 Powersports Business