OEConnection completes epyx acquisition
Global technology provider for the automotive aftersales industry OEConnection has completed its acquisition of epyx.
The deal, which includes sister companies r2c Online and Business Gateway, has received all required regulatory approvals.
Through its 1link platforms, epyx connects fleet operators, leasing companies and service providers across a digital network that supports vehicle service, repair authorisation and fleet workflows.
It serves operators of more than four million vehicles and processes transactions totalling more than £2bn each year.
Aditya Varadpande, managing director of epyx, r2c Online, and Business Gateway, said: “OEC is a logical next home for epyx. We’re excited to join forces with an established market leader and continue to grow and innovate alongside OEC, with exciting discussions underway on how to best accelerate the value we deliver to our customers.
“The similarities between our companies go beyond solutions and customers and extend to our shared commitment to supporting the full vehicle lifecycle for our fleet partners.”
Patrick Brown, CEO of OEC, added: “epyx has built deep, long-standing relationships across the fleet and garage network ecosystem in the UK and Europe, and their platforms are purpose-built for the fleet market they serve.
“By bringing our organisations together, we can deliver solutions that reduce friction, drive innovation, and support our fleet customers at a significantly larger scale. We’re excited to welcome epyx’s team, customers, and partners into OEC.”
