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Fixit45 acquires Parkit, unveils subscription-based programme

By Benjamin Alade
03 December 2021   |   2:41 am
Leading auto-tech platform, Fixit45, has announced the acquisition of Parkit, a network of tech-enabled autocare and car wash centres.

ParkIt. Photo/Marketingedge

Leading auto-tech platform, Fixit45, has announced the acquisition of Parkit, a network of tech-enabled autocare and car wash centres.

Fixit45 caters to needs in the repair and maintenance segment, while Parkit plays in the auto care vertical.

Xparts is a discovery and trading platform for spare parts, where you can explore a rich inventory, find exact parts based on the platform’s AI tools and get these parts in very good time and Rampware is a Software-as-a-Service tool to help auto-workshops manage their operations and improve service delivery experience.

On the acquisition, Chief Executive Officer and Co-Founder, Fixit45, Justus Obaoye, said Parkit was committed to building out and digitising the fragmented vertical in the AutoCare and car wash space. They provided business support, training and consumables to businesses and ensured that the experience was rewarding for fleet and car owners.

“We found synergies in what they were doing at the time and we approached them to join us in this journey to fix and build the aftermarket ecosystem which has culminated in the acquisition. Parkit has been fully integrated into the Fixit45 family and we look forward to providing market leadership.”

Vice President, Business Development, Fixit45 and Founder, Parkit, Gerald Okonkwo, said: “Our business was founded in June 2018 to use technology in making the customer journey for car washes very seamless by automating payments, helping them acquire the right tools for the job and providing professional care services that were not available in-country.

“This journey has been a collaborative experience and we are blessed to have found the right team at Fixit45 with bold ambitions to create value for consumers in this space. The acquisition was finalized in September 2021 and we are looking to many more wins. When we started, we had to import most of our consumables and materials, but today, we are to provide quality car shampoo, upholstery, tire and engine wash, polish and air fresheners. This is just one of many success stories that this acquisition has berthed.”

To change the narrative in the space, Fixit45 is collaborating with a lot of stakeholders and partners with a view to deepening value creation in the ecosystem. Some of these stakeholders include workshops, spare part suppliers, insurance companies, tow trucks, fintech, and fleet owners.