FOR IMMEDIATE RELEASE
As we draw the year to a close we reflect on the past 12 months, despite 2016 being somewhat of a challenge for many, it has been a huge success in terms of global growth for Clifford Thames.
Our MBO, managed by Lloyds Development Capital in 2014 has driven significant successes this year, notably the supported acquisition of Ecat from Ford of Europe which helped establish the business as a major player in the Electronic Parts Cataloguing sector. In addition, we acquired AC Autoconsult GMBH, further enhancing our product portfolio in the tyre industry.
We have also delivered significant new contract wins extending our offering working with Nissan, Bentley, BMW, Fiat Chrysler and Mercedes-Benz. These alongside our increasing revenues and roll-out of our fleet platform are further evidence of building on our core data business teamed with a successful evolution into a product and SAAS business.
Following over 18 months of development 2016 saw the completion and roll out of Servicecare360 workshop automation, which is revolutionising the way service desks operate across dealership networks.
Internal investment in the business includes a newly launched content rich intranet service offering staff across our 16 sites internationally a consistent channel for company communication, insight and collaboration.
In terms of meeting our Corporate Social and Environmental responsibilities in the UK, the business continues to support Oxford United Football Club and also sponsored a TEDx event this year, plus we have raised in excess of £20,000 for charity.
As a result of our acquisitions, new contract wins, refined business strategy and internal investment we have seen over 20% improvement on our bottom line.
CEO Calvin Barnett comments,
“2016 has been a fantastic year for us with many of our plans and aspirations coming to fruition in rapid succession. Our people drive the business and the success we have had this year is testament to the dedication, professionalism and relationships we enjoy with our customers. Technology moves at a lightening pace and on the horizon, there are many developments in our marketplace connected car, autonomous driving, electric vehicles to name but a few. With our strong vehicle manufacturer relationships and our deep understanding of the data, we continue to be well-positioned for the changes ahead.”
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We are a technology enabled company building on skills, knowledge and experience in automotive data creation and management. Clifford Thames sits at the heart of the global automotive aftermarket. We create and manage the data needed to repair and maintain vehicles for manufacturers, repairers, leasing and fleet companies and their partners. Our solutions help drive customer satisfaction and profitability.
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