Hg Capital is investing in Eucon which they describe as a leading provider of automotive parts pricing data & services to vehicle and parts manufacturers globally. The business is also a leading provider of highly automated claims management services to insurers in Germany. In the automotive data business, Eucon collects, processes and supplies crucial data to help its customers manage their parts and aftermarket operations. In the insurance claims management business, Eucon supports insurers to achieve lasting reductions in claims expenditure through sophisticated automation of claims processes and the application of structured data. Eucon has c. 250 staff and is headquartered in Germany with offices in the USA, Rumania and Brazil serving nearly 200 clients operating in 40 countries.
Hg isn’t disclosing how much they are paying for the investment but say they will still have £45m left in cash after the deal.
HGT : Hg Capital invests in Eucon