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May 4, 2020

Automotive Software Solutions takes majority stake in CVD

Automotive Software Solutions (ASS)has acquired a majority shareholding in Clear Vehicle Data (CVD).

By Rhodri Morgan

Automotive Software Solutions (ASS) has acquired a majority shareholding in Clear Vehicle Data (CVD).

CVD, established in 2013, provides data services to a range of systems, websites and apps for many automotive brands, including leasing companies, fleet operators, daily rental and dealer groups.

“I am really pleased we have concluded the transaction at this time,” said CVD CEO, Ian Hare.

“Our team and our customers will benefit from the extensive industry knowledge and experience that we have across all sectors of the industry.”

For her part, ASS director, Sarah Easton, added: “Clear Vehicle Data have been a key partner for us over the past couple of years as we have developed our products and services for the automotive sector here in the UK. The acquisition brings huge expertise in the automotive data sector along with industry leading data services, both of which are essential ingredients for our future product strategy.

“We are very excited to be working with the CVD team as, increasingly data becomes a key enabler towards improving user experience, allowing customers to process, research, purchase and manage the upkeep of their vehicles in-life.”

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