M&A Deal Summary

Drew Technologies Acquires AutoEnginuity

On January 3, 2020, Drew Technologies acquired software company AutoEnginuity for 20M USD

Acquisition Highlights
  • This is Drew Technologies’ 1st transaction in the Software sector.
  • This is Drew Technologies’ largest (disclosed) transaction.
  • This is Drew Technologies’ 1st transaction in the United States.
  • This is Drew Technologies’ 1st transaction in Arizona.

M&A Deal Summary
Date 2020-01-03
Target AutoEnginuity
Sector Software
Buyer(s) Drew Technologies
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

AutoEnginuity

Mesa, Arizona, United States
AutoEnginuity LLC is a provider in advanced aftermarket automotive diagnostics software and associated vehicle make/model coverage. AutoEnginuity LLC was established in 2003 and is based in Mesa, Arizona.

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Buyer(S) 1

Buyer

Drew Technologies

Ann Arbor, Michigan, United States
Category Company
Founded 1996
Sector Automotive
DESCRIPTION

Drew Technologies, Inc. is a manufacturer of vehicle communication and diagnostic equipment for the vehicle inspection and automotive service industry. Drew Tech offers tools used for vehicle development, engineering, data acquisition, end of line testing, factory diagnostics, and custom projects .

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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