New York, New York – asTech, a portfolio company under Kinderhook Industries announced the acquisition of Red Limited and Red Autocentres yesterday. Red Limited is a distributor of aftermarket electronic devices designed to run diagnostic tests and calibration services on advanced driver assistance systems (ADAS). Red Autocentres provides automotive diagnostics, calibration and programming services for the collision and mechanical markets. The combined companies will operate as Red EU under asTech and Kinderhook.
“Red is an exciting acquisition that enables asTech to further broaden its suite of global tools and solutions for customers,” said Paul Cifelli, Managing Director of Kinderhook Industries. “With demand for ADAS repair and calibration services rising, asTech looks forward to continuing to be the solution provider of choice for customers seeking to properly repair today’s sophisticated car parc.”
Red provides solutions for the service, maintenance, and repair, collision, and automotive insurance industries through diagnostic scan tools and automotive electrical system services. Services include local, car-side, and remote diagnostics along with sensor calibration, programming, and vehicle health support.
This is not the first ADAS-related addition by asTech in recent months; the company announced the acquisition of Canadian startup adasThink last month, while 3M also recently announced a “strategic investment” in the company.