J.D. Power, a global leader in data analytics, has announced a definitive agreement to acquire Autovista Group, a leading pan-European and Australian automotive data, analytics and industry insights provider. The acquisition complements J.D. Power’s strengths in vehicle valuation and detailed vehicle specification data and analytics while broadening its footprint into the European and Australian automotive markets.
The deal brings together Autovista Group’s comprehensive European and Australian market intelligence with J.D. Power’s market-leading predictive analytics and valuation and customer experience datasets. J.D.Power says these highly complementary offerings will give original equipment manufacturers (OEMs), dealers, insurers and financing companies a truly global view of critical trends influencing the industry, along with the tools they need to accurately forecast risk, capitalise on burgeoning trends and align sales strategy with real-time market dynamics.
Through its brands, utovista, Eurotax, Glass’s, Schwacke, Rødboka and EV-volumes.com, Autovista Group standardises and categorises hundreds of technical attributes for virtually every vehicle produced in the European and Australian markets, providing clients with a 360-degree view of detailed vehicle data for use in valuations, forecasts and repair estimates.
Autovista Group’s senior leadership and its 700 employees will continue with the company and will become J.D. Power’s automotive data and analytics platform for Europe and Australia. Lindsey Roberts will continue to lead the team as President, J.D. Power Europe reporting to CEO Dave Habiger.
The acquisition of Autovista Group is expected to close by the end of 2023 and is subject to customary closing conditions as well as regulatory review and approval.