Tag Archives: Pinewood

UK dealer software and DMS provider Pinewood Technologies Group, which used to be owned by Pendragon until they went their separate ways, has started trading on the OTCQX Best Market in the US. Pinewood’s admission to the OTCQX market will provide transparent trading for investors in the US. US investors will now be able to access the same level of ...

DMS and software firm Pinewood is to accelerate the roll-out of AI tools for dealers following its acquisition of Dubai based Seez software firm due for completion in March. The move was announced yesterday as Pinewood said it was to buy Seez for £33.3m. Lithia said it was supportive of the acquisition and confirmed its intention to deploy Seez’s chatbot ...

Pinewood has entered into a five year contract with Global Auto Holdings to implement the Pinewood Automotive Intelligence platform into its 155 dealerships across the UK, North America and Scandinavia. This marks the largest non-associated major dealership group to adopt the Pinewood Automotive Intelligence platform. Roll-out and revenues are expected to commence in the UK by 2026. Roy Cui, Executive ...

Pinewood, the software to dealer management systems provider is to rebrand its customer facing business as Pinewood.AI, whihc stands for Pinewood Automotive Intelligence. It is also getting a new look “that puts tech at the heart of the business.” Pinewood was part of Pendragon before car retail and leasing side of the business was sold to Lithia. It now bills ...

Dealer management systems and software provider Pinewood Technologies Group has entered into a five-year contract with Marshall Motor Group to implement Pinewood systems into their stores. Marshalls is ranked five in the Motor Trader Top 200 Dealer Groups with annual turnover of £3.7bn through 120 dealerships. Marshall is part of Constellation Automotive Group, which also includes cinch, BCA and webuyanycar. ...

Automotive software and dealer management systems (DMS) specialist Pinewood Technologies turned in H1 underlying pre-tax profits down -13% to £4m on turnover up 11% to £16.1m. Gross profit rose 12.4% to £14.5m. Pinewood used to belong to dealer group Pendragon. In February Pendragon sold its dealerships to US dealer group Lithia for £367m, but retained Pinewood, which remained listed on ...

Dealer Management Systems (DMS) and software provider Pinewood Technologies Group has entered into an advance subscription agreement with AI company Seez App Holding. Seez bills itself as one of the world’s leading automotive AI companies, dealing in technologies that include AI Chatbot technology. In addition, Seez offers a suite of e-commerce and omnichannel products to dealer groups across the globe. ...

Pinewood delivered its maiden results as a motor dealer software company with £24.5m turnover in the 13 months to January 2024. This compare with £19.1m in full year 2022. Pre-tax profits hit £9.9m compared to £7m last time. In February Pendragon announced the sale of its dealerships and leasing businesses to Lithia for £367m. The move marked the beginning of ...

Pinewood is set to return £358m to shareholders following the sale of the Pendragon dealer group and leasing businesses to Lithia. The company made an announcement on Friday, detailing a proposal to return the sum to shareholders by way of a special dividend of 24.5 pence per existing ordinary share. Subject to shareholder approval the dividend is expected to be ...

Hedin Mobility Group has disposed of its stake in Pendragon, selling the equivalent of 385 million shares. In February Pendragon announced the sale of its dealerships and leasing businesses to Lithia for £367m following a bidding war. Hedin had been interested in buying Pendragon tabling two offers in 2023. In October it withdrew from the bidding war. Hedin continues to ...