QUBE Automotive

QUBE Automotive, a UK-based provider of software and IT solutions for international vehicle manufacturers' aftersales, trade, and purchase requirements, has been acquired by Dutch vertical market software firm Total Specific Solutions (TSS). This transaction is designed to accelerate QUBE Automotive's growth strategy and expand TSS's automotive portfolio in the UK and mainland Europe.

Summary of transaction details:

• Value: Not disclosed
• Sector: Software & SaaS (Automotive)
• Advisor: KBS Corporate (advised by Joe Norris)
• Key Entities: Target: QUBE Automotive; Acquirer: Total Specific Solutions (TSS)
• Location: Target: Maidstone, UK; Acquirer: Netherlands-based (TSS)

Note: This acquisition strategically positions QUBE Automotive within TSS, providing access to a larger international group's resources and best practices, which is expected to drive further innovation and market leadership. For TSS, it strengthens their offering in the automotive vertical and expands their footprint in key European markets.