Today Pinewood.AI announced that it has entered into a five-year contract with Global Auto Holdings PLC to implement the Pinewood Automotive Intelligence™ platform into all of its owned dealerships across the UK, North America and Scandinavia.
Global Auto Holdings is one of the largest consumer-facing global automotive companies in the world with over 155 franchise dealership locations in the UK, North America and Scandinavia with an additional captive dealership network through its automotive distribution division.
The Global Auto Holdings contract represents the largest non-associated major dealership group to adopt the Pinewood.AI platform, with it expected to deliver significant earnings across the lifetime of the contract.
Commenting on the announcement, Bill Berman, Chief Executive Officer of Pinewood.AI, said: “We are delighted to welcome Global Auto Holdings as a customer and key partner. We look forward to working together and we believe that our innovative Pinewood Intelligence Platform will help Global Auto Holdings drive growth and unlock revenue throughout their entire dealership network. We’ve now achieved our target to sign up two of the top 20 auto retail groups in the UK and Ireland ahead of schedule, while laying the groundwork to expand our footprint across our core markets.”
The contract is aligned with the Company’s goal set out at its Capital Markets Day to sign a further member of the UK’s top 20 automotive retailers as a customer by the end of 2025 and expects the roll-out and revenues to commence in the UK by 2026.
Bill continued: “This contract follows a highly successful first period for Pinewood as a standalone business.”
Roy Cui, Executive Vice President of Global Auto Holdings, added: “We are pleased to be partnering with Pinewood and believe this collaboration aligns perfectly with our strategic goal of becoming the leading consumer-facing global automotive company. This partnership will enable us to drive further efficiencies and optimize our processes for the benefit of all of our stakeholders.”
