MAM Software Group, Inc. agrees to be acquired by Kerridge Commercial Systems for $12.12 per share in cash

MAM Software Group, Inc., a leading global provider of on-premise and cloud-based business management solutions for the automotive parts, tyre and vertical distribution industries, has announced that it has entered into a definitive agreement under which it will be acquired by Kerridge Commercial Systems (KCS), which provides software, services and support to deliver fully integrated trading and business management solutions to trade, wholesale, manufacturing and distribution customers across the world, in an all-cash transaction valued at approximately $154.2 million. Under the terms of the agreement, MAM stockholders will receive $12.12 per share in cash for each common share of MAM, which represents a 14% premium over the closing price on August 30, 2019 and a 38% premium over the prior 90-day average of $8.80 per share.

“This all-cash transaction provides MAM Software’s stockholders with a premium over the pre-announcement market price of their shares, and we believe it will allow our team to increase our focus on long-term success that will benefit customers, employees and partners. Together with KCS, we can offer a broader portfolio of solutions to our customers globally,” said Mike Jamieson, CEO of MAM Software.

“We have long believed that a partnership between MAM Software and KCS would create a range of significant strategic opportunities,” said Ian Bendelow, CEO of Kerridge Commercial Systems. “MAM has significant traction in the automotive aftermarket sector that augments our solution offering, and this combination also will expand our U.S. market presence. We look forward to joining with the MAM team as we invest further in the business to accelerate MAM Software’s growth and bring greater value to its customer base.”

Following an extensive review of strategic alternatives and a thorough process, MAM’s Board of Directors have unanimously approved the proposed transaction. Following the execution of the merger agreement, stockholders of MAM representing more than 50% of MAM’s outstanding shares delivered a written consent approving the transaction and no other approval of MAM’s Board of Directors or stockholders is required to complete the transaction. The transaction, which is expected to close in or prior to the fourth quarter of 2019, is subject to certain customary closing conditions. A copy of the definitive agreement will be made available at MAM’s website at www.mamsoftware.com.

Mirus Capital Advisors and Sullivan & Worcester LLP are serving as MAM’s financial and legal advisors, respectively, for this transaction. Kirkland & Ellis LLP is serving as KCS’s legal advisor.

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Places at the IAAF Annual Dinner 2019 selling fast

Bookings for the 2019 event, which is again being held at the DoubleTree by Hilton in Milton Keynes, are coming in thick and fast and numbers are expected to reach last year’s sellout total. The event, the largest of its kind in the automotive aftermarket, is widely regarded as the industry’s premier networking event.

During the daytime, guests will attend an information-packed industry conference that covers all major issues affecting aftermarket businesses. This year’s keynote speaker is Richard Noble, the British entrepreneur who has achieved six world speed records, including breaking the sound barrier on land. In the evening 600+ aftermarket personnel will relax and network at the IAAF Annual Awards dinner, with entertainment provided by radio comedian and writer, Alfie Moore.

The DoubleTree by Hilton, Milton Keynes is situated in a convenient, central location that is easily accessible from across the country and has excellent transport links, as well as offering complimentary car parking.

Sponsorship opportunities are also available for both the conference and the dinner and information is included with the brochure and booking form.

IAAF Reservation Form Rev 2019

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Tetrosyl looks to build on new partnership with IAAF

As one of the UK’s leading manufacturers and distributors of automotive chemicals and parts, Tetrosyl, is the latest name to register as a fully-fledged member of the Independent Automotive Aftermarket Federation (IAAF), continuing the rapid growth of the IAAF network.

Established in 1954, Tetrosyl is a major manufacturer of chemicals, lubricants and refinishing products, and exports to over 100 countries worldwide. From small beginnings, the Tetrosyl Group has grown into one of the most well-established British brands in recent decades, and operates household names including Carlube, Carplan, T-cut, Bluecol and in more recent times, Quinton Hazell components, TJ Filtration and Ci Ignition.

With a strong heritage and Northern origins, Tetrosyl has remained in the UK throughout its lifetime and is a family-run business, set in the foothills of the Lancashire moors and now employing a 760-strong team. All production is carried out in a state-of-the-art facility in the same area that the first bottles of T-Cut were manufactured over 60 years ago.

As a member, Tetrosyl will get to harness the full benefits from a growing number of IAAF services and will also be invited along to a number of IAAF’s highly popular events, including the upcoming IAAF Conference and Dinner on 5 December at DoubleTree by Hilton Milton Keynes.

Wayne Stevens, Sales Director at Tetrosyl, said: “We’re delighted to join the IAAF and gain the opportunity to become a member of one of the industry’s most prestigious forces. We look forward to working closely with the members and developing and building on this important partnership.”

Wendy Williamson, IAAF chief executive, said: “We’ve no doubt that Tetrosyl will be a valued asset to the Federation and their expertise both in trade and retail will contribute to a many number of campaigns and projects that IAAF is working on.

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New update from the Department for Business, Energy and Industrial Strategy – Automotive Unit

Please find below updates relating to the Government’s preparations for leaving the EU and other key information which the IAAF has been asked to share with its members.

1. Get Ready for Brexit Campaign

The Government’s Get Ready for Brexit campaign was launched on Sunday 1 September to enable businesses and individuals to prepare for our departure. Advice and support for business on the actions they need to take to get ready for 31 October can be found here.

As part of the campaign the UK Government are holding a series of ‘Get ready for Brexit’ events across the country to help businesses get the help and advice that they need to prepare. Businesses can join a free event in their local area to meet advisers to discuss what they need to do to prepare for Brexit, understand what’s changing in their industry, and for information on specific rules and regulations. More information on dates, locations and how to register will be coming soon.

2. Grants for business completing customs declarations

Two grants are available for business needing to provide training and IT improvements for the completion of customs declarations, in preparation for the UK leaving the EU. Funding is available for:
• training that helps businesses to complete customs declarations and processes
• IT improvements to help businesses complete customs declarations more efficiently
The funding can also be used to reimburse business expenditure on relevant IT improvements and training since 31 July 2019, as well as in the future. Further information on these grants is available here.

3. Information for businesses

Products designed to make the post-Brexit border arrangements easier to understand for business are currently being produced. Existing products include:
• Traders checklist (to download click on link: 7239_EU_Exit_Simplified_Trader_Checklist_one_pager_v12_Access_KJ__2_)
• The step by step guide for exporting has been updated.

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HMRC publishes new advisory fuel rates (AFRs) from September 1

HMRC has released its latest advisory fuel rates (AFRs), to come into force from September 1.

The diesel rate for a company car with an engine 1,400cc or less stays the same as does the rate for a diesel car with an engine over 2,000cc.

However, the AFR for a diesel car, with an engine size from 1,601cc to 2,000cc, decreases by 1p per mile (ppm), from 12-11ppm.

The AFR for a petrol company car with an engine of 1,400cc or less stays the same at 12ppm, but both those with an engine from 1,400-2,000cc and over 2,000cc fall by 1ppm to 14ppm and 21ppm, respectively.

Meanwhile, LPG vehicles with an engine of 1,400cc or less will stay the same at 8ppm, but for LPG vehicles with an engine from 1,401-2,000cc, the rate increases from 9ppm to 10ppm. LPG vehicles with an engine above 2,000cc will stay the same at 14ppm.

The advisory electricity rate (AER) for plug-in cars remains unchanged at 4ppm.

Full details of the new rates can be found by CLICKING HERE.

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Dayco earns outstanding quality supplier award from FCA

Dayco, a leading engine products and drive systems supplier for the automotive, industrial and aftermarket industries, has been recognized for its outstanding quality, by global vehicle manufacturer Fiat Chrysler Automobiles (FCA) for both its production part and Mopar® unique part supply partnership.

The award, which specifically refers to Dayco’s San Luis Potosi facility in Mexico, has been made as a result of its excellent performance as an FCA supplier.

In a letter from Scott Thiele, head of purchasing & supply chain and Amin Alidina, head of supplier operations, FCA North America emphasized how valuable the manufacturing location was and the organization praised the commitment and support the facility demonstrates in the pursuit of excellence and outstanding quality.

The FCA Outstanding Quality Supplier Award was for the 2018 calendar year and based on a series of demanding performance metrics, notably with reference to the company’s quality, warranty, delivery and processes, which FCA describes as an unwavering commitment to quality and passion to deliver the best products to its customers.

“On behalf of Juan Pablo De la Parra, director of purchasing & supplier operations, Bill Kendell supplier operations director powertrain, German Infante, supplier operations manager and myself, we congratulate you for your hard work and commitment to us by working as business partners more than just suppliers of parts and services and thus helping us achieve the business objectives of FCA,” said Pedro Carapia, supplier quality supervisor, purchasing & supplier quality.

“Please extend this congratulation to your entire team, as we know teamwork is always key to success.”

In response to the award, Dayco’s John Kinnick, president of Dayco’s global belt operations and interim president of Dayco’s global powertrain operations, said: “Being recognized for our achievements by FCA is a great accomplishment and I would like to thank all the hardworking Dayco associates dedicated to satisfying each customer.”

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Exol scores major tie-up with Worcester Warriors in 2019/20 season

Exol Lubricants, the UK’s largest independent oil blender, has announced a major sponsorship deal with Worcester Warriors in the forthcoming Rugby Union Gallagher Premiership season 2019/20.

The company, whose head office is based in the West Midlands, is supporting its local rugby team as Warriors look to build on last year’s performance where they finished tenth in the Premiership. It already has a close association with Warriors having enjoyed a long-standing Player Sponsorship of former England full-back Chris Pennell.

Exol Lubricants’ name will now be displayed on Warriors’ first team shirts in the 2019/20 season following the agreement for them to become one of the club’s sponsors.

Exol manufactures and supplies lubricants to automotive, agricultural, industrial, marine and off-highway sectors. The company also supplies to more than 30 countries worldwide and is ISO 9001 & 14001 accredited.

The Exol brand has recently been refreshed with more consumer-friendly packaging, as the brand targets UK motorists with its range of British made high quality engine oils.

Warriors’ Operations Director Peter Kelly, said: “We are delighted that Exol Lubricants have become one of our shirt sponsors. They are a company that we know well from their sponsorship of Chris Pennell for many seasons and we look forward to working closely with them during the coming season. Exol has its head office in the area and have roots in the community from which Warriors draw their support. We greatly value our partnerships with local companies.”

Steve Everitt, Exol group managing director, said: “We’re extremely proud to once again be sponsoring Worcester Warriors, a team that is on the rise in professional rugby. The Exol brand is gaining increased traction in the UK and aligning it with Worcester Warriors provides us with the ideal opportunity to promote the company and its high-quality products.

“We’re anticipating an enthralling season ahead for Warriors fans and we’re delighted that both Exol and its customers can share in it.”

Warriors will kick-off the new season with a Midlands derby against Leicester Tigers at Sixways Stadium in the Premiership Rugby Cup on Saturday 21 September.

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Putting Sheffield on the map

The Wheel Specialist will be expanding into Sheffield by the end of 2019 and their latest franchisee, Stefan Thomas, will be at the helm.

Stefan joined the network recently after moving over from a successful 7 years with Snap-On tools.

After experiencing first hand the services offered by The Wheel Specialist when getting his TVR wheels refurbished several years ago, Stefan was “blown away” by the results he saw. And when it came to a new consideration of direction in his business life, he soon jumped into exploring franchise opportunities with The Wheel Specialist.

“One of the things that attracted me to Snap-On is also what has bought me over to join The Wheel Specialist” remarked Stefan. “I like the prestige that goes with it, I love that. Image and brand is just so important in business, and what I like about The Wheel Specialist is that they are there in the product, brand, image, quality, etc. that they offer and I really like that”.

Image: Stefan Thomas with Ginny Murphy, CEO and Founder of The Wheel Specialist

The Wheel Specialist are a franchise business with multiple sites throughout the UK. They have over 35 years’ experience in the field of Alloy Wheel Refurbishment and Customisation and operate from fixed premises. They are the No.1 alloy wheel refurbishment business in the UK and are the only company to provide a full wheel refurbishment process from fixed premises.

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MAHLE unveils digital ADAS solution

MAHLE Aftermarket has unveiled its TechPRO ADAS solution, which allows workshops to adjust and calibrate advanced driver assistance systems (ADAS) using a digital calibration panel.

The company says it’s setting new benchmarks in this developing product group: with TechPRO ADAS, MAHLE Aftermarket has aligned itself with the needs of tomorrow’s workshops today.

The multi-brand tool provides workshops with a solution that keeps up with the latest state of the art systems thanks to continuous software updates.

The professional adjustment of driver assistance system sensors and cameras allows workshops to capture additional sales potential.

What ADAS means for garages
Whether they use radars, cameras, or ultrasonic sensors, more and more late-model cars have high-tech driver assistance systems, known as ADAS.

Olaf Henning, corporate executive vice president, MAHLE Group and general manager aftermarket, said: “In upcoming years, both the number of driver assistance systems and the percentage of passenger cars and trucks equipped with these systems are expected to grow significantly.

“This will greatly change the way that workshops work.”

For service and repair work, workshops must re-adjust radar sensors and camera systems to ensure that assistance systems continue to function reliably.

They need to be precisely calibrated to the geometric axis of the vehicle. Even minimal deviations can cause a failure of the assistance system.

“Only one digital calibration panel is needed”
“With our TechPRO ADAS, we make this job easier for workshops,” says Henning.

“Unlike the tools already on the market, only one digital calibration panel is needed to precisely adjust the radar sensors and cameras.

“Updates are installed automatically to give workshops a solution that is optimally adapted to handle new developments in the field of driver assistance systems.”

Multi-brand workshops have always faced challenges with the calibration of different manufacturer’s systems because the sensors vary depending on the vehicle model.

In the past, this led to high investment and operating costs, as it required a number of different calibration panels, suitable working areas, and long calibration times.

MAHLE’s TechPRO ADAS supports workshop professionals with a system that uses just one digital calibration panel, thereby reducing calibration time and keeping space requirements to a minimum.

Developers at MAHLE Aftermarket claim to have redefined the entire process, identifying innovative technical and process-related solutions.

Recalibration process explained
To recalibrate an assistance system, the workshop technician connects the TechPRO diagnostic tool to the appropriate control units using the onboard diagnostics.

The calibration panel is set up according to the manufacturer’s directions and adjusted automatically.

Next, the TechPRO diagnostic tool shows what exactly needs to be done and guides the workshop technician through each of the steps.

The ADAS tool is a supplemental solution for the TechPRO vehicle diagnostics system or Connex BT from MAHLE Aftermarket.

The calibration system covers many European makes that are equipped with driver assistance systems, and market coverage is being continuously expanded.

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K&S McKenzie publish Summer newsletter

Every three months, Carlisle-based motor factor, K&S McKenzie publish their quarterly newsletter which has grown a loyal readership and has become highly regarded among clients and contacts alike.

They kick off their Summer issue by sharing their top 5 RIGID products with you. They also talk all things compressors – which one is right for you? How should you maintain them? and more…

Each issue of their newsletter features a client article, with this edition’s focus falling on VBG who give you the lowdown on the new underrun protection legislation changes. In addition to all this the K&S McKenzie team also share some exclusive special offers!

To read the digital version of the newsletter, CLICK HERE.

If you would like a hard copy, please email [email protected] or call them on 01228 528218.

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