Automotive consultancy and data provider Derwent Management Services Ltd has acquired wear rate specialists Tangent Business Solutions Ltd.
Keith Darby, managing director of Derwent said “We are very pleased to have concluded this strategic deal with Andy Smith and the other shareholders. Andy will bring a wealth of experience to our consultancy team and will seriously strengthen our existing projects, particularly Service Cost Analysis.
We believe that adding the technical expertise of Tangent to Derwent’s software development ability and commercial creativity will produce lots of useful new products for our clients.”
Andy Smith, business development director at Tangent Business Solutions commented. “I am very pleased with the acquisition of the business by Derwent; for some time Tangent has been looking for a better way to deliver products & services to its customers and prospective customers, many of whom already have strong business relationships with Derwent.
I see this deal as an excellent way of broadening the range of products and services we can offer to the automotive and leasing sectors.”