Autologic Diagnostics UK Acquires US Business #
Posted by Michael Whitworth on July 7, 2010, 7:10 am
Autologic Diagnostics Ltd the aftermarket diagnostic tool manufacturer today announced their successful acquisition of the North American Autologic distributor, Autologic.US based in Long Island, New York.
Autologic Diagnostics Ltd is now able to invest significantly in technical support for US and Canadian Autologic customers. Autologic will also invest in larger business premises to accommodate the planned employment of more technical support personnel. In the interim, operations will continue as normal from the existing facility in Huntington, New York, with telephone and email contact data remaining unchanged. The US business will be re-launched under a new name of Autologic Diagnostics Inc. and this is likely to be the only immediate change experienced by existing Autologic customers stateside.
Autologic Diagnostics' Managing Director Peter Toland explained;
"The primary drive behind this acquisition is that we have long recognised that our North American customers have not always been party to the same high quality technical support that other sales territories elsewhere experience and for which Autologic is globally renowned. The US is a significant automotive market and we want to address that imbalance. This acquisition places us in a position to do so. Now as one company, we are able to more easily invest in a significantly strengthened technical support infrastructure."
Toland was quick to reassure existing US customers and US regional distributors that the new business will remain essentially unchanged for the most part. "Whilst Autologic Diagnostics UK now owns the US Autologic subsidiary, it will continue to operate as a division in its own right. Many of the current personnel will remain at the helm to manage the business on an everyday level as before, so there will be minimal disruption for customers as a result of the new ownership," he stated.
Alongside Toland, the new US company executives comprises Autologic Diagnostics Ltdís Technical Director Ian Jones, together with Kevin and Peter FitzPatrick, former directors of Autologic.US, completing the senior management team. The FitzPatrick partnership will also be responsible for the day-to-day management of operations across both the United States and Canada.
Commenting on the future transatlantic working relationship, Kevin FitzPatrick said, "This is an exciting time for us all. We see this acquisition as a fantastic opportunity to enhance and capitalise on the previous business enterprise. With significant financial input from the UK and their commitment to technical support excellence, itís going to be a real win-win scenario for the American and Canadian automotive trade. I have personally worked alongside Peter Toland and Ian Jones for the past few years and have every confidence in our being able to take the new business forward together in a positive direction which will reward customers new and old alike."