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| Name | Symbol | Market | Type |
|---|---|---|---|
| Bridgestone Corp (PK) | USOTC:BRDCY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 22.27 | 20.99 | 22.37 | 18,000 | 13:22:07 |
From May 2023 to May 2024
By Christian Moess Laursen
Halfords Group said global tire maker Bridgestone Americas has invested $3 million to buy a 5% stake in Avayler Trading, Halfords' wholly-owned software-as-a-service providing subsidiary.
The motoring-and-cycling products provider said Wednesday that Bridgestone Americas has additionally agreed to a master commercial deal to become a client of the Avayler business.
The proceeds of the sale will be used for general corporate purposes, including to support the continued growth of Avayler, Halfords said.
Avayler is a software-as-a-service provider for automotive companies wanting to digitize services such as online customer booking and invoicing.
"The length and scope of the agreement fuels our confidence in Avayler's long-term potential as we continue to roll it out to more clients around the world," Chief Executive Graham Stapleton said.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
November 01, 2023 04:18 ET (08:18 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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