Repairify Inc. d/b/a AsTech, a portfolio company of Kinderhook Industries LLC, has acquired Red EU Ltd. and Red Autocentres. Red EU Limited is a distributor of aftermarket electronic devices designed to run diagnostic tests and calibration services on automotive electrical systems, specifically advanced driver-assistance systems. Red Autocentres is a provider of automotive diagnostics, calibration and programming services for the collision and mechanical markets. The combined companies will operate as Red EU.
Red “enables AsTech to further broaden its suite of global tools and solutions for customers,” said Paul Cifelli, managing director of Kinderhook Industries. “With demand for advanced driver-assistance systems repair and calibration services rising, AsTech looks forward to continuing to be the solution provider of choice for customers seeking to properly repair today’s sophisticated car.”
“Red customers will benefit from having access to a complete portfolio of world class tools, products, and services rapidly being integrated under the Repairify global solutions platform,” added Martin Brown, CEO of Red EU.
“Expanding into new markets and augmenting service offerings to better serve all customers is key to AsTech’s global growth strategy,” commented Cris Hollingsworth, president of Repairify.
Mishcon de Reya LLP and Kirkland & Ellis LLP served as legal counsel to AsTech.