Allianz X takes majority stake in GT Motive

Based in Madrid, GT Motive specializes in providing automotive data to the repair, insurance, fleet and rental industries. The company aims to establish a more open and collaborative ecosystem by providing access to data to enable the digitization of claims and repairs, according to a statement. It currently operates in 28 counties and processes over five million estimates each year.

Majority Acquisition of GT Motive by Allianz X Supports Global Expansion of GT Motive and Accelerates GT Motive’s Goal of Becoming a Global Leader in Vehicle Data and Claims Automation for the Auto Repair Industry , according to a statement.

“The solid progress of a company like GT Motive requires long-term vision and commitment, and GT Motive has found in Allianz X the best support for many years to come,” said GT Motive CEO Ángel Martínez . “GT Motive’s role is to support insurers, repairers and automakers in the claims and repair process, and we will stay true to our goal of contributing with innovative, open and collaborative technology to get cars back on the road. route efficiently and in optimal safety. conditions. “

“GT Motive provides very accurate data at competitive prices and one of the most integrative and customer-centric platforms in the market,” said Nazim Cetin, CEO of Allianz X. “We see huge potential to transform it into a hard-hitting heavyweight. All it needs is a little more muscle, and that’s where Allianz X can help.

After the closing of the transaction, the founding group of Einsa will remain a minority shareholder of GT Motive and the current management team will be maintained.

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