Based in Madrid, GT Motive specializes in delivering automotive data to the repair, insurance, fleet and leasing industries. The company aims to establish a more open and collaborative ecosystem by enabling billing and providing access to data to repair digitization, the release said. It currently operates in 28 counties and processes over 5 million quotes each year.
AllianzX’s majority acquisition of GT Motive supports the latter’s global expansion, accelerates GT Motive’s goal of becoming an international leader in automotive data, and advocates automation in the automotive repair industry.
“Steady progress for companies like GTMotive requires a long-term vision and commitment. GTMotive has provided the best support at Allianz X over the years,” said GTMotive. CEO Angel Martinez said. “GT Motive’s role is to support insurers, repairers and automakers in the claim and repair process. We provide innovative and open collaboration technology to make vehicles efficient and optimal. Stay true to the purpose of returning to the road with good safety. Conditions. “
“GT Motive is one of the most integrated and customer-centric platforms on the market, providing highly accurate data at a competitive price,” said Dr. Nazim Cetin, CEO of Allianz X. “We see great potential to scale it up to intense heavy weights. All we need is a little more muscle behind it, and that’s where Allianz X comes in.”
After the transaction closes, the Einsa Founding Group will remain a minority shareholder in GT Motive and maintain its current management team.