The Innovation Group has acquired a 100% shareholding in NSN Holdings for £1.1 million, plus an earn-out payment to a maximum of £5.75m.
NSN manages the largest centrally controlled network of independent maintenance and repair garages in the UK with over 800 garages including car, light commercial vehicle (LCV), heavy goods vehicle (HGV) and plant garages located throughout Britain and Northern Ireland.
NSN has in excess of 25 customers including Auto Protect, National Grid, AA warranty, RAC warranty, Lease drive, Flexxilease and LeasePlan.
The company’s capability includes a central system to manage vehicle service, maintenance and repair and provides access to its unique national network of independent garages.
Hassan Sadiq, chief executive officer of Innovation, said: “The acquisition of NSN enables the group to offer a 'one stop shop' for vehicle management, servicing and repair.”