Halfords sells stake in Avayler software business to Bridgestone
Halfords has announced that global mobility company Bridgestone has acquired a 5% stake in its Avayler automotive software business for $3 million.
Launched in July 2021, Avayler SaaS solution was initially developed in-house by Halfords to manage automotive services across its garage network and mobile vans.
Avayler’s first customer was American Tire Distributors. one of the largest independent suppliers of tyres to the replacement tyre market in North America. Since then, the business has won a number of significant contracts with operators around the globe, including Tirebuyer in the US and Mobivia in Central Europe.
As well as becoming a shareholder in Avayler, Bridgestone will deploy Avayler solutions to support its own mobility solutions and applications for drivers, fleet managers, and vehicle owners.
Graham Stapleton, chief executive of Halfords, said: “The Bridgestone investment in Avayler is an important endorsement by one of the world’s largest automotive businesses. With Avayler a little over two years old, Bridgestone’s investment at this stage is testimony to their confidence in the business and the strength of Avayler’s ground-breaking solution to allow automotive companies to offer completely integrated on and off-site support to customers.”
