Glass's seeks buyer to fund development
19/06/1998 in NEWS
Asked to comment on the development Glass's Information Services managing director Robin Oliphant, dismissed the rumours as speculation and declined to comment further. However, a letter to staff from Oliphant says: 'Glass's has done extremely well and now has a number of exciting projects which will need a high level of investment.
'Consequently this is an appropriate moment to seek a new source of funds which will enable Glass's to translate these prospects into profitable reality. To fuel Glass's ambitions for the next stage of its development we need a strategic partner who will take a long term interest in the business. After careful review, the board has decided that our best interests will be served by selling Glass's to another company.'
The company publishes a number of vehicle valuation guides, including 'Glass's Guide to Car Values', as well as a number of other products including 'Fleet Values & Whole Life Costs', computer software residual value guide AutoProVision and collision damage repair estimating system Glassmatix.