OEConnection Holdings, the parent of online repair-parts marketplace OEC, and dealership software giant Reynolds and Reynolds each have acquired smaller companies that offer software in the parts, accessories and distribution area.
OEConnection said Wednesday it has signed a definitive agreement to purchase Clifford Thames Group, a tech company that specializes in automotive data creation and management.
Since 1948, Clifford Thames has worked in the automotive aftermarket sphere, managing data necessary to repair and maintain vehicles from various major automakers. Clifford Thames, of Chelmsford, England, has offices in Detroit, Australia, Poland, Germany, France and India.
OEConnection, of Cleveland, said it hopes Clifford Thames will continue to help expand its international presence and boost the company's solutions for original equipment parts. Currently, OEConnection does business in North America, Australia and New Zealand.
"CT provides a significant platform to drive global growth for our overall business," OEConnection CEO Chuck Rotuno said in a statement. "We look forward to adding their capabilities and products to our portfolio, alongside OEC, to support the global needs of our OEM and dealer network partners."
The deal is expected to be complete by the end of the second quarter in 2017, pending customary conditions. Terms were not disclosed.