www.aftermarketonline.net FEBRUARY 2025 News 10 Maverick Diagnostics in £100,000 expansion funding Wrexhambased Maverick Diagnostics is set for expansion following an investment of £100,000 by the Development Bank of Wales. The bank said the loan will enable the specialist vehicle diagnostic tool business to continue expanding its range of tools and technical support that the team of 12 offers workshops and garages throughout the UK. Maverick is developing an automatic software deployment system to provide regular software updates and is also preparing to launch a battery refurbishment and diagnostics service for EVs early this year, the bank said. The company has reported growth of 25% in the last year, having launched a training academy to upskill local mechanics and technicians that will shortly feature additional courses on Tesla and ADAS calibration. The bank said this is the second time it has supported Maverick, having issued a loan in April 2020 to help manage trading during the pandemic. Maverick MD Laura Hall, a proud ambassador for women in the automotive industry and member of The Automotive 30% Club — which campaigns for achieving a better gender balance within the sector — said: “Our wide range of diagnostic tools is ideal for small and large workshops. We were able to maintain our service throughout the pandemic thanks to the support of the development bank. “With a good understanding of our business, the bank has now been able to structure a funding package with terms that work for us so we can continue with our efforts to empower the aftermarket, by reaching more garages and encouraging them to embrace new technology. It’s all about making the future more accessible.” The loan came from the £500 million Wales Flexible Investment Fund. Bank portfolio executive Malcom Green said that while the UK automotive aftermarket is thriving, smaller, more local garages can sometimes struggle to keep up with advances in diagnostic technology. “Maverick Diagnostics benefits from a highly skilled team who have a passion for sharing their technology and expertise with garages and workshops throughout the UK, enabling them to compete with main dealers.” WAI Global has completed the purchase of Pos Service Holland (PSH), owner of Huddersfield-based starters and alternators distributor Wood Auto, from Nordian Capital Partners. WAI said the acquisition, for an undisclosed sum, will boost the group’s growth plans and firm up its standing as one of the largest global suppliers of new rotating electrical parts. PSH, headquartered in the Netherlands, is a market leader in high-quality rotating electrical products across automotive, truck, agricultural, shipping, and industrial sectors throughout Europe. From its origins as a battery repair and servicing centre, Wood Auto has grown to become a leading UK distributor of OE and aftermarket auto-electrical products, with sites in several countries. Richard Welland, president of WAI Europe, said: “PSH’s expertise in rotating electrical components and its strong distribution network perfectly complement WAI’s European portfolio and global reach.” Revive!, the mobile provider of minor paint and bodywork repairs for vehicles and alloy wheels, has opened for business in Wakefield. The new franchise in the rapidly-growing smart repair network will provide services to car dealerships and private motorists throughout the West Yorkshire area. Revive! said it uses highly skilled technicians to carry out quality, cost effective repairs at a time and place to suit customers — usually costing less than the average insurance policy excess without the hassle of taking your vehicle to the bodyshop or organising replacement transportation. Wakefield franchise owner Richard Senior said: “Our aim is to establish Revive! as the No1 vehicle bodywork repairer in the area. “There’s a great demand for top quality paintwork repairs and we’re going to meet that need by delivering a fast, efficient and professional service. We’ve already started working with some of the prestigious local dealerships.” Revive! opens for EXVLQHVV LQ :DNHᎮHOG From left, Malcolm Green, Laura Hall and Andrew Brooke of Maverick Diagnostics. Photo: Development Bank of Wales :$, *OREDO DFTXLUHV Wood Auto owner PSH
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