Nationwide is pleased to announce that it has completed the acquisition of Howard Basford Ltd ("Howard Basford") through the acquisition of its holding company Auto Think Limited from its founding directors. Howard Basford is a leading provider of crash repair services in the North West of England and the eighth largest independent bodyshop chain in the UK. Howard Basford operates eight bodyshops, at Accrington, Birkenhead, Crewe, Ellesmere Port, Liverpool, Manchester, Mold and Warrington, which provide automotive repair services to motor insurers, consumers and fleet operators. It also provides mobile repairservices.
The addition of Howard Basford is highly complementary to Nationwide's existing operations and provides the Group with a significantly enhanced presence in the North West region, with the prospect of economies of scale and flow as well as other efficiencies. It also helps to increase Nationwide's presence in its target markets of insurance, fleet and retail.