Automotive software and digital services provider Click Dealer has been acquired for an undisclosed sum.
The Stoke-on-Trent business has been taken over by Chesterfield-based motor finance broker and technology provider Evolution Funding Group.
The strategic acquisition will help to broaden Evolution’s technology, digital capabilities and SaaS (software as a service) proposition – and take it one step closer to its next milestone of brokering more than £1 billion motor finance in a year.
Click Dealer was formed in 1999 and employs 63 staff at its Shelton headquarters.
It has established itself as a leading automotive software business which provides everything from web hosting, dealer management systems and associated digital solutions for independent motor retailers.
It currently services and supports more than 1,550 dealers across the UK.
As part of the deal, Click will continue to operate from its Stoke-on-Trent base under the leadership of Gerry Moxham, Ollie Moxham and Pippa Rawlinson.
It will remain as a separate legal entity within the Evolution Funding Group.
Gerry Moxham, founder of Click Dealer, said: “We are delighted to be embarking on the next stage of Click’s journey as part of the well respected and highly successful Evolution Funding Group.
“This strategic decision to integrate with Evolution puts us in a great position to support dealers now, and in the future, as a true performance partner.
“We look forward to working with the team at Evolution in delivering new innovations and integrated digital and financial solutions for dealerships across the UK.”
Lee Streets, chief executive at Evolution, said: “We are acquiring a highly-regarded data-driven, end-to-end, automotive software provider.
“They have a fantastic reputation in the market and there are many similarities with our own company culture – it’s a great fit.
“A key part of Evolution’s vision is to lead change and digital innovation in motor finance.
“The acquisition of Click, with its market-leading platform, will help accelerate our ability to deliver this, whilst also supporting our objective of brokering £1 billion of motor finance in the UK.”
Mr Streets added: “We are keen to maintain Click Dealer’s agnostic position on finance, offering true flexibility and choice for the retailer and the customer. In addition, our aim is to make innovative features and functions available via Click’s platform that deliver best-in-class digital finance journeys and increase point of sale finance sales for dealers.
“We will work quickly to offer Click retailers’ access to Evolution’s technology. The prospect of creating frictionless online finance journeys for consumers on the Click platform is incredibly exciting for both businesses.”