Pinewood.ai announces agreement to acquire lithia's majority stake in north american joint venture

Pinewood.ai to acquire lithia's 51% stake; new contract secures deployment across lithia's dealerships in us and canada by 2028 london and medford, ore. , june 6, 2025 /prnewswire/ -- pinewood technologies group plc (pinewood.ai), a leading cloud-based software provider for the automotive retail industry, and lithia uk holdings limited, a wholly-owned subsidiary of lithia & driveway (nyse: lad), today announced an agreement in which pinewood.ai will acquire lithia's 51% interest in their north american joint venture for $76.5 million.
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