Munich, Germany (Nov. 11 th 2016) - incadea, a leading global provider of automotive retail solutions, has acquired BSE Consulting Co. Ltd. (BSE), a South Korean based IT company, offering proven and flexible IT solutions based on Microsoft Dynamics NAV, Microsoft Dynamics CRM and Microsoft Office SharePoint to several verticals including automotive.
Enhancing incadea’s strong presence in Asia Pacific, this strategic acquisition expands incadea’s geographical reach and enables the company to gain direct access to the South Korean market which was served via a local certified channel partner. The South Korean market is the fifth-largest market in the world based on automobile unit production and export volume.
As a Microsoft Certified Partner since 2009, BSE is an expert on Microsoft business solutions and has a significant track record of successful projects. In the automotive retail field, BSE has gained extensive expertise working closely with leading industry players.
Through this transaction, BSE will be renamed incadea Korea, serving global OEM customers present in the South Korean market and supporting local car manufacturers and their dealer networks to help grow their business and increase efficiencies as they navigate a rapidly changing global automotive industry. Having recently been acquired by Cox Automotive — an Atlanta-based company with industry-leading e-commerce solutions for consumers, dealers, and manufacturers — incadea will focus on advancing innovation by offering an enriched product portfolio of additional Cox Automotive brands such as Modix and Xtime.
Patrick Katenkamp, incadea CEO and president Software (International) of Cox Automotive, said “As we continue aggressively pursuing our strategic growth plan, the acquisition of the South Korean-based BSE allows incadea to further increase our footprint in the Asia Pacific region. Our new subsidiary has profound knowledge of business processes in the South Korean automotive retail market and maintains extensive know how in Microsoft technology. It is really a perfect fit. We are delighted to welcome BSE team members to our family and work closely together as one team for taking the South Korean automotive retail to the next level”.
“I am delighted with this acquisition,” said Leo Oh, founder and current Managing Director of BSE. “I am convinced that together with incadea, we will create clear added value for our clients and team. Being part of incadea, an expert in automotive retail, signifies a bright future for all of us.”
Incadea is a leading international provider of software solutions and services to the global automotive retail and wholesale markets. Incadea addresses the needs of this industry by offering global solutions with state-of-the-art innovation and local execution capabilities. Products include dealer management, business intelligence, and customer and vehicle relationship management solutions, based on the latest Microsoft Dynamics technology. These are used by multinational car manufacturers, Original Equipment Manufacturers (“OEMs”) and their dealership networks. Through continuing global expansion, incadea serves more than 90,000 end users in more than 3,500 dealerships in 90 countries across the globe. Headquartered in Germany, incadea has offices in Austria, China, Denmark, Greece, India, Italy, Japan, Mexico, the Netherlands, New Zealand, Norway, Portugal, Russia, South Korea, Spain, Sweden, Taiwan, Turkey and the UAE. The Group has a network of worldwide certified channel partners, and its range of blue chip customers include over 50 OEMs such as BMW, Toyota, Volkswagen, Peugeot/Citroën, Ford, Scania, General Motors, and Mercedes-Benz. Incadea is a Cox Automotive Brand.
About BSE Consulting
BSE IT Consulting delivers implementation, configuration, development and integration services for Microsoft Dynamics Applications as well as expertise in ERP technology.
Among other solutions, BSE has developed a South Korean localization pack to enable better and more efficient use of Microsoft Dynamics NAV in the South Korean market.
About Cox Automotive
Cox Automotive Inc. is transforming the way the world buys, sells and owns cars with industry-leading digital marketing, software, financial, wholesale and e-commerce solutions for consumers, dealers, manufacturers and the overall automotive ecosystem worldwide. Committed to open choice and dedicated to strong partnerships, the Cox Automotive family includes Autotrader®, Dealer.com®, Dealertrack®, incadea, Kelley Blue Book®, Manheim®, NextGear Capital®, vAuto®, Xtime® and a host of other brands. The global company has 33,000 team members in more than 200 locations and is partner to more than 40,000 auto dealers, as well as most major automobile manufacturers, while engaging U.S. consumer car buyers with the most recognized media brands in the industry.
Cox Automotive is a subsidiary of Cox Enterprises Inc., an Atlanta-based company with revenues of $18 billion and approximately 60,000 employees. Cox Enterprises’ other major operating subsidiaries include Cox Communications and Cox Media Group.
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