Leading auto-tech platform, Fixit45, has announced the acquisition of Parkit, a network of tech-enabled autocare and car wash centres. Fixit45 caters to needs in the repair and maintenance segment, while Parkit plays in the auto care vertical. On the acquisition, Chief Executive Officer and Co-Founder, Fixit45, Justus Obaoye, said Parkit was committed to building out and digitising the fragmented vertical in the AutoCare and car wash space. They provided business support, training and consumables to businesses and ensured that the experience was rewarding for fleet and car owners. Some of these stakeholders include workshops, spare part suppliers, insurance companies, tow trucks, fintech, and fleet owners.

Source: The Guardian December 03, 2021 08:49 UTC