NARS Nationw.Acc

RNS Number:8092N
Nationwide Accident Repair Srvs PLC
13 December 2006



NARS.L
13 December 2006

                    Nationwide Accident Repair Services PLC

                        ("Nationwide" or "the Company")
                                    Acquires
                            Motor Services Division

Nationwide Accident Repair Services PLC, the largest dedicated provider of
automotive crash repair services in the UK, is pleased to announce the
acquisition of the business of Aquilo Motor Services Ltd, a subsidiary of Aquilo
PLC, for a total consideration of #1.275m. The consideration comprises #750,000
in cash and #750,000 of net assets, adjusted for creditors and a rent free
period.

Based in Northwich, Cheshire, Aquilo Motor Services Ltd provides comprehensive
motor claims management services to insurers, insurance brokers and affinity
groups. Services are provided on a twenty-four hour basis from a contact centre
and include full claims management, engineering services, emergency and roadside
assistance as well as vehicle repair services and total loss management. For the
six months ended 30 June 2006, Aquilo Motor Services Ltd reported unaudited
turnover of approximately #6.1 million.

The acquisition enhances Nationwide's existing accident administration
capability, adding further services.

Michael Wilmshurst, Chief Executive, said,

"We believe that this is an important and strategic acquisition extending our
expertise in 'first notification of loss' handling.  It enables us to offer our
insurance, fleet, broker and claims management customers a complete support
service in the automotive repair market. We now have the capability to handle
initial calls, deploy work to customer-designated repair networks, handle and
manage claims and offer full vehicle repair services across the UK. Our
customers can choose to use all or just part of the service that we offer in a
manner that suits their business objectives".

"Additional benefits of this acquisition include the ability to offer our
customers management information throughout the complete claims process. It is
our intention to retain the facilities at Northwich and we look forward to
developing the business further".


About Nationwide

Nationwide provides automotive crash repair and accident administration services
to the UK insurance industry. With a network of 69 accident repair centres
located across England, Scotland and Wales employing over 2,100 people, it is
the largest dedicated provider of accident repair services in the UK. The
Group's customer base includes insurance companies such as Royal & Sun Alliance,
Norwich Union, Equity Red Star and Zurich and fleet operators such as DHL.

Enquiries:

Nationwide         Michael Wilmshurst, Chief      T: 01993 701 720
Accident Repair    Executive
Services plc       David Loftus, Finance Director

Arbuthnot          James Steel or Alasdair Younie T: 020 7012 2000
Securities

Biddicks           Katie Tzouliadis               T: 020 7448 1000




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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