1 November 2023
The leading motoring and cycling group has sold a 5% stake in its Avayler Trading Limited subsidiary to Bridgestone Americas Inc for $3m in cash. Avayler provides automotive software that helps companies that operate from multiple locations to manage their businesses more effectively. The software was developed by Halfords and the business was launched in 2021. The sale of 5% of the business to Bridgestone will establish Bridgestone as a client - the latter is one of the world's largest mobility companies with over 3,000 garages and vans and the investment is a solid endorsement of . . .
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