Deal Makes The Innovation Group The Second Largest Manager Of Vehicle Repair Claims In The UK
Leading motor repair provider, Crash-worth Limited, has been acquired by The Innovation Group plc in a £11.75m deal.
The Innovation Group is a global provider of business process services and software solutions to the insurance, fleet, automotive and property industries.
The combined business will become the second largest manager of vehicle repair claims in the UK, allowing its clients to benefit from increased efficiencies.
Crash-worth will also add a consultancy proposition for those clients seeking to gain competitive advantage in a fast changing environment. The founder of Crash-worth, Chris Ashworth, will also join the Group as managing director of the enlarged UK Motor division.
National law firm, Irwin Mitchell, advised Crash-worth on the sale, with the team lead by Andrea Cropley (Corporate) with assistance from James Foster (Corporate), Ian Chambers (Corporate), Alex Barnes (Tax) and Liesel Whitfield (Employment) and Grant Thornton LLP provided tax advice Krista Fox and Suzy Harris- Milnes.
Andrea Cropley, partner and head of Corporate in the North of England, said: