April 22, 2021
Technology, Consumer, Retail, E-commerce and Leisure, Digital Media and Media
GCA Altium advises Autofutura on its merger with GForces
GCA Altium has advised on the combination of two of the automotive industry’s leading retail software suppliers – Autofutura, the global, data-driven business intelligence provider, and GForces, a market leading automotive e-commerce and omnichannel supplier.
With the rapid acceleration of the digitisation of the automotive sales process, the combination of the two firms allows them to maximise sales efficiency and improve the way consumers buy cars. The first of its kind in the industry, the new group aims to connect car maker, finance provider, dealer and consumer to optimise the entire customer journey through the provision of software and data services. The new firm also benefits from the recent acquisition of the Chrysalis Loyalty business, now an integral part of Autofutura – a transaction which GCA Altium also advised on.
The new group will be led by two highly experienced executives – data intelligence expert Christian Erlandson as CEO, and automotive veteran David Riemenschneider as Chairman. Autofutura and GForces already serve 20 of the world’s leading car manufacturers, working with over 9,000 dealers across 96 countries. Headquartered in the UK, its global presence includes offices in Australia, Canada, Germany, Vietnam, the UAE and the USA.
Christian Erlandson, CEO of the newly formed group, commented: “The digitisation of the automotive sales process is accelerating at an unprecedented pace and now is the time to combine the expertise of Autofutura and GForces. By merging Autofutura’s data intelligence insight with GForces’ e-commerce solutions, there is huge potential to support our customers in streamlining the consumer journey, accelerating sales and driving revenue from the first transaction.”
Simon Turner, Managing Partner at Inflexion, said: “The combination of Autofutura with GForces unlocks a unique and highly relevant technology proposition for the automotive retail industry, against a backdrop of accelerating change and disruption for dealers and OEMs. We are delighted to be backing this team to create such an exciting auto tech group, by merging two outstanding private businesses with a long track record of growth.”