PSA Group Acquires an Interest in Autobutler, an Online Quote Platform for Automotive Aftermarket Services
27 Juli 2016 - 9:57AM
Business Wire
- The PSA Group is enhancing its
multi-brand aftermarket offering, one of the pillars of its Push to
Pass strategic plan.
- Autobutler is a pioneer in the
market, with operations in Germany, the United Kingdom, Denmark and
Sweden.
- The PSA Group is acquiring a
controlling interest in the company, which will remain
independent.
Regulatory News:
The acquisition of an equity interest in this new business
strengthens the PSA Group's (Paris:UG) multi-brand aftermarket
offering, particularly for “smart buy” customers seeking the best
value for money. It will also help the Group to develop business in
its own networks, expand its customer base, attract new independent
auto repair shops, and improve its expertise in digital aftermarket
services.
Launched in 2010, the Autobutler online platform has already
allowed nearly 300,000 customers in four European countries to get
an online quote for vehicle maintenance and repair. Users simply
enter their car model, location and the type of work they want
done, and receive corresponding offers and quotes from three
garages located near their home. This type of service meets new
needs from customers, who are increasingly turning to the Internet
to compare prices and services before entrusting their vehicle to a
garage. PSA's investment will go hand in hand with expansion of the
business into new countries.
In its Push to Pass strategic plan, the Group set the
two-pronged objective of being a benchmark carmaker and becoming
customers' favourite supplier of mobility services.
Commenting on the transaction, Jean-Baptiste de Chatillon, Chief
Financial Officer of the PSA Group, said: "This investment is
particularly well aligned with our Push to Pass strategy. It will
help us to shake up existing paradigms and adjust our business so
that we can better meet the needs of our customers, offer them a
full range of mobility-related services and tap new growth
markets."
The co-founders of Autobutler, Peter Zigler and Christian
Legêne, said: "The future in the automotive industry is digital.
For the last six years we have proven that car owners are ready to
go digital in the search for reputable garages. With PSA's focus on
digitalisation and their Push to Pass strategy we see
great synergies and believe the alliance is a good match which will
help Autobutler become Europe's number one platform for online
workshop repairs offering the best transparency and trust”.
About PSA GroupWith its three world-renowned brands,
Peugeot, Citroën and DS, the PSA Group sold 3 million vehicles
worldwide in 2015. Second largest carmaker in Europe, the PSA Group
recorded sales and revenue of €54 billion in 2015. The Group
confirms its position of European leader in terms of CO2 emissions,
with an average of 104.4 grams of CO2/km in 2015. With a fleet
of 1.8 million connected vehicles on the road worldwide, the
Group is on the cutting edge of innovation in this field, and is
expanding its services as a mobility provider. It is also involved
in financing activities (Banque PSA Finance) and automotive
equipment (Faurecia). For more information, please visit
groupe-psa.com/en
About AutobutlerFounded in Denmark in 2010 by Christian
Legêne and Peter Zigler, Autobutler is one of Europe's leading
online marketplaces for auto repairs offering car owners an easy
way to get competitive quotes from quality garages for any kind of
car repair, offering transparency and trust in an otherwise
puzzling industry. It currently has a network of garages and
customers in Denmark, Sweden, UK and Germany.
Communications Division - www.groupe-psa.com/en
- +33 1 40 66 42 00 - @GroupePSA
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