"Sewells Group coming together with MSXI solidifies us as the world's largest provider of retail solutions to automotive OEMs and their dealers," said Fred Minturn, CEO of MSXI. "Globalization continues to drive change in the automotive industry, and OEMs are looking to partner with suppliers that can service their needs worldwide. Together with our strong operations in North America and Europe, Sewells Group provides us with diversified and truly international opportunities to enhance value creation for our combined customer base."
Sewells Group currently employs about 500 people in offices located throughout Asia-Pacific, Africa and The Middle East. The acquisition brings MSXI's total size to 6,000 employees operating in 80 countries, adding to its current 30 offices throughout the Americas, Europe, Asia, Africa, and Australia. Sewells Group will operate as a subsidiary of MSXI.
"The MSXI and Sewells Group partnership is a logical step for both businesses," said Michael Boneham, executive chairman of Sewells Group. "There are tremendous opportunities ahead as the two organizations come together. We plan to align and synergize our products and services for the benefit of our esteemed customers and offer even greater value. Together, the two companies offer the most compelling global end-to-end service offering for the automotive industry across all aspects of retail network performance."
MSX International (MSXI) is a business process outsourcing company that provides technology based services to enterprises in more than 80 countries. MSXI's deep industry expertise combined with advanced data analytics and custom software solutions improve the performance of automotive dealership networks by increasing revenue, reducing cost, and enhancing customer satisfaction. Geometric Results, Inc. (GRI), a wholly owned subsidiary of MSXI, is the world's largest independent managed services provider in the human capital management industry. GRI maximizes the benefits of a contingent workforce on organizational performance on behalf of customers by maintaining a conflict free position relative to staffing suppliers and technology platforms. To learn more about Detroit-based MSXI, please visit www.msxi.com.
About Sewells Group
Established in 1982, Sewells Group is a global consulting and outsourcing company that specializes in the automotive retail industry, operating across the Asia Pacific, Africa and the Middle East regions. Sewells Group is in the business of improving the performance of individuals and organizations engaged in automotive retail using in-depth subject matter expertise and deep engagements with leading automotive brands to make them industry leaders. To read more about Sewells Group, please visit www.sewellsgroup.com.
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SOURCE MSX International