Intelligent Data Systems, a company which provides a web-based service that allows businesses to keep accurate data systems on their driver and vehicle fleets, has been bought by AA DriveTech, the commercial driver training arm of the AA Group.
Round-up of today’s M&A deals
Intelligent Data Systems, a company which provides a web-based service that allows businesses to keep accurate data systems on their driver and vehicle fleets, has been bought by AA DriveTech, the commercial driver training arm of the AA Group.
UK-based Intelligent Data Systems provides online management tools allowing both company-owned and employee-owned vehicles to have detailed, consolidated information about both drivers and vehicles, allowing them to meet their duty of care obligations and manage risk.
Jonathan Jerome, commercial director of Intelligent Data Systems comments: ‘We have also been very innovative in the ‘grey fleet’ arena and see many opportunities to offer our services to AA DriveTech’s customers and vice versa.
‘It’s very much ‘business as usual’ as our customers will continue to deal with the same teams and people as they always have; this was a particularly important element of the deal for the directors and management team at Intelligent Data Systems.’
The company will continue to trade as a separate legal entity while becoming a trading operation within the AA DriveTech business.
Jonathan Jerome, commercial director at Intelligent Data Systems will join the AA DriveTech Management team and oversee the integration of the company into AA DriveTech.
Mike Routledge and Ben Liddicott will remain in their respective posts of sales & marketing director and IT & systems director, respectively, within Intelligent Data Systems.
Commenting on the acquisition, AA DriveTech MD Jim Kirkwood says: ‘This deal is all about outstanding strategic fit and expansion of our duty of care portfolio.
‘By combining both company’s existing market positions as well as our complementary technologies, we believe we can significantly grow both businesses in the short and long term. It also strengthens our ability to deliver technology-based solutions to the fleet risk sector and improves our reach in the North of England.’
Grant Thornton, led by head of North East Corporate Finance Ian Marwood, advised t Intelligent Data Systems alongside a team of lawyers from Yorkshire law firm Gordons, led by partner James Fawcett.
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