S&P Global enhances CARFAX Europe offering with Strategic Investment in French Vehicle History Provider NGC
MUNICH -- January 9, 2025 – S&P Global today announced the completion of a strategic minority investment in New General Company (NGC), a leading French automotive data provider specializing in VIN based technical data, vehicle history reports and market analytics, headquartered in Paris. This transaction was led by S&P Global Mobility, a division of S&P Global, and Mobility’s CARFAX Europe team.
This investment in NGC further enhances CARFAX Europe’s service offering to include deeper access to vehicle history and unique data for the automotive market in France, and builds on the organization’s strategy to expand its offering for clients across Europe.
“We’re excited about the expansion of our strategic partnership with NGC,” said Klaus-Peter Menk, Managing Director of CARFAX Europe. “This investment is part of our long-term strategy to provide innovative solutions and added value to customers in Europe, marking a key milestone in pursuing our vision for a fair and transparent used car market for everyone.”
"We are delighted to welcome S&P Global as a strategic shareholder,“ said Marc Rampon, President of NGC. "This investment reinforces our long-lasting relationship with CARFAX in Europe and will allow us to offer our customers a broader range of services throughout key European countries.”
Terms of the agreement were not disclosed.
About S&P Global
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About CARFAX Europe
CARFAX Europe GmbH, part of S&P Global Mobility, provides Vehicle History Services for European and North American used cars since 2007, following the vision of creating a fair and transparent used car market for everyone. Today, the company maintains local services in many European countries such as Sweden, Spain, Netherlands, Poland and Italy – constantly growing. CARFAX provides access to an extensive multinational database consisting of +35 billion historical events related to cars in +20 countries.