Capricorn And Repairify Form Joint Venture For Australia And NZ

Capricorn Society and Repairify Australia Holdings have entered into a joint venture agreement to deliver advanced automotive remote diagnostic services to repairers across Australia and New Zealand.

Capricorn and Repairify have equal ownership of the joint venture, which will be branded Repairify and distributed across Australia and New Zealand by Capricorn through the Capricorn Preferred Supplier Network.

In a joint statement, the companies said the joint venture will provide “world-class remote automotive repair solutions” to Australian and New Zealand automotive service and repair businesses, enabling them to deliver “a superior customer experience” through faster turnaround times and increased productivity.

While Capricorn members will gain from the joint venture, all Repairify products and services will be available to all automotive aftermarket businesses across Australia and New Zealand.

“Being able to efficiently and effectively diagnose and calibrate remotely connected vehicles is imperative to the long-term business success of the smallest to the largest automotive workshops across Australia and New Zealand,” said David Fraser, Chief Executive Officer of Capricorn Group.

“We are delighted to have formed this joint venture with Repairify who have built a strong reputation across the world for their patented technology and experience, sharing the same commitment to the success of the automotive aftermarket repair and service industry.

“Capricorn’s core purpose is to support its members to build stronger businesses and we are confident that this exciting joint venture represents a major leap forward in actioning this commitment by providing unparalleled member and industry support,” said Fraser.

Cris Hollingsworth, President at Repairify Global Holdings, said: “Repairify is excited to enter this strategic joint venture with Capricorn. We see a huge opportunity to support Australian and New Zealand repairers as global technology evolves. We are keen to introduce our proposition to the market.”

“Capricorn is the ideal choice for this venture due to their unparalleled position in the marketplaces in Australia and New Zealand. We’re highly confident that the combination of Repairify products and services and the Capricorn network will rapidly accelerate the distribution of the right technology to ensure that the market can undertake and complete complex vehicle repairs.”

Repairify said it provides market-leading remote automotive repair solutions across North and South America, Europe, and greater EMEA with long-term relationships with the majority of global original equipment manufacturers.