Pinewood Technologies Group PLC (Pinewood.AI), a cloud-based software provider for the automotive retail industry, has announced an agreement to acquire Lithia UK Holdings Ltd.'s 51% stake in their North American joint venture for $76.5 million.
This acquisition will grant Pinewood full control over its North American operations, simplifying its structure and enhancing financial transparency, according to the company, which added that the move is expected to facilitate Pinewood.AI's expansion...
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