REG - Pinewood Tech Gp PLC - Completion of PWSA Business Acquisition

Pinewood TechnologiesAnnouncement

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RNS Number : 8631T  Pinewood Technologies Group PLC  04 August 2025

 

 

 

 

4 August 2025

Pinewood Technologies Group PLC

("Pinewood.AI")

 

 

Completion of Pinewood South Africa Business Acquisition

 

Further to its announcement on 7 July 2025, Pinewood Technologies Group PLC is
pleased to confirm that it completed the acquisition of PWSA on Friday 1
August 2025.

 

The acquisition will enable Pinewood.AI to fully control its sales and
customer service functions in its markets in Southern Africa and to drive
continued growth in the region. Since 2009, PWSA has successfully expanded the
Pinewood.AI system footprint across South Africa, Zimbabwe, Zambia, Botswana,
Eswatini, Namibia and Mauritius, establishing approximately 300 dealer
partnerships and 30+ OEM partnerships.

 

Enquiries:

 Headland Consultancy (PR & Communications)      +44 (0) 20 3805 4822
 Henry Wallers
 Jack Gault

 

About Pinewood Technologies Group PLC:

Established in 1981, Pinewood Technologies Group PLC (Pinewood.AI) is a
leading cloud-based full-service technology provider to automotive retailers
and OEMs. Pinewood.AI's system is a market-leading automotive intelligence
platform, which has been developed collaboratively with dealers and OEMs to
provide secure software across sales, aftersales, accounting and CRM. With
headquarters located in the UK and North America, Pinewood.AI serves a global
user base spanning over 20 countries and has long-standing partnerships with
over 50 OEM brands.

 

Previously part of Pendragon PLC, in 2024 Pinewood.AI became an independent
entity following the sale of Pendragon's UK Motor and Leasing divisions to
Lithia Motors Inc, one of the largest automotive retailers in North America.
In February 2025, Pinewood Technologies Group PLC acquired Seez, an automotive
AI & ML SaaS platform. LON: PINE, OTCQX: PINWF

 

For more information, visit Pinewood.AI

 

 

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