Aston Barclay acquires TCBG
Aston Barclay has announced that it has acquired The Car Buying Group (TCBG).
TCBG features at number 20 in the 2018 Sunday Times Tech Track 100 list of the fastest-growing private technology companies and was voted the 2017 Northern Tech 100 League Table fastest-growing tech company.
It has developed new technology, including an online vehicle pricing tool. This will enable Aston Barclay to widen the new products and services it offers, while TCBG will benefit from the group’s strong IT reputation for launching new technologies designed and developed in-house.
Aston Barclay’s new Wakefield Mega Centre will become home to TCBG, with current CEO Tom Marley moving his team to the 18-acre site when it opens in quarter four. Tom will continue to run the business with his current management team and there are plans to double the size of the company and its workforce over the coming years.
Tom said, ‘We have had a great journey over the past few years in launching and building the business.
‘Becoming part of the Aston Barclay family will provide further support and investment to speed up that growth, and for our brand to become a household name with consumers.’
‘The acquisition is a perfect fit for the group as it provides us with extra volume and access to new technology which we can offer to dealer and vendor customers. We will grow the business on a national basis over the coming years,’ said Neil Hodson, Aston Barclay’s CEO.