Acquisition creates automotive software/technology provider

Acquisition creates automotive software/technology provider

Wrenchead, Inc., a leader in software-enabling technology for the automotive aftermarket, has announced the acquisition of Draper, Utah-based Profit Pro, Inc., a leader in automotive software, electronic parts cataloging and e-commerce technology.

The acquisition is subject to shareholder and other regulatory approvals. The terms of the acquisition were not disclosed.

The new company becomes the largest provider of enabling software and e-commerce technology for the automotive aftermarket, with products and services for manufacturers, warehouse distributors, jobbers and installers. It will offer a comprehensive web-enabled electronic parts catalog for the automotive aftermarket addressing replacement, accessories, and performance parts.

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