NARS Nationw.Acc

 

TIDMNARS 
 
 
Nationwide Accident Repair Srvs PLC 
18 May 2010 
 
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NARS 
18 May 2010 
 
                    NATIONWIDE ACCIDENT REPAIR SERVICES PLC 
 
                        ("Nationwide" or "the Company") 
 
                                   Announces 
 
            Acquisition of Additional Bodyshop in Newcastle-upon-Tyne 
 
Nationwide, the largest dedicated provider of automotive crash repair services 
in the UK, is pleased to announce that it has completed the acquisition of a 
bodyshop in Newcastle-upon-Tyne. 
 
The modern, leasehold site comprises 15,000 sq.ft. in total and will offer 
vehicle repair services to insurers, fleet operators and retail customers.  Its 
addition significantly extends Nationwide's repair capacity in the North East 
region. Currently, the Company operates a site in Middlesbrough as well as an 
RSA dedicated site in Gateshead.  The acquisition is in line with Nationwide's 
strategy to add further repair capacity where demand has been identified. 
 
Management will be implementing Nationwide's IT platform and workflow processes 
at the site and expects the site to become fully operational by the end of May. 
The acquisition brings Nationwide's total number of operational sites to 73. 
 
Commenting on the acquisition, Michael Wilmshurst, Chief Executive, said, 
 
"I am delighted to announce this acquisition. Having identified customer demand 
in the Newcastle-upon-Tyne area, we have been looking to acquire additional 
capacity and this modern site represents a highly complementary fit.  As well as 
providing us with capacity to fulfil insurance customer demand, we will also be 
offering our services to fleet operators and retail customers in the area. As we 
expand our customer base, we continue to focus on delivering "quality, value, 
speed and service" in all of the markets in which we operate." 
 
 
Enquiries: 
 
+-----------------+----------+--------------------------+----------+-----------+ 
| Nationwide      |          | Michael Wilmshurst,      |          | T: 01993  | 
| Accident Repair |          | Chief Executive          |          | 701 720   | 
| Services plc    |          | David Loftus, Finance    |          |           | 
|                 |          | Director                 |          |           | 
+-----------------+----------+--------------------------+----------+-----------+ 
|                 |          |                          |          |           | 
+-----------------+----------+--------------------------+----------+-----------+ 
| Biddicks        |          | Katie Tzouliadis/ Sophie |          | T: 020    | 
|                 |          | Lane                     |          | 7448 1000 | 
+-----------------+----------+--------------------------+----------+-----------+ 
|                 |          |                          |          |           | 
+-----------------+----------+--------------------------+----------+-----------+ 
| Arbuthnot       |          | James Steel/ Ben Wells   |          | T: 020    | 
| Securities      |          |                          |          | 7012 2000 | 
+-----------------+----------+--------------------------+----------+-----------+ 
 
 
 
About Nationwide Repair Services plc 
Nationwide provides automotive crash repair and accident administration services 
to the UK insurance industry. With a network of accident repair centres in 
England, Scotland and Wales employing over 2,200 people, it is the largest 
dedicated provider of accident repair services in the UK. 
 
Nationwide's accident administration services, provided to insurers, insurance 
brokers and affinity groups, encompass full claims management, engineering 
services, emergency and roadside assistance as well as vehicle repair services 
and total loss management. 
 
In the summer, the Company will be launching a mobile repair service (Mobile 
Restore) which will enable light vehicle repair jobs to be undertaken at a 
location of the customer's choice.  This service will be available to consumers 
and fleet operators as well as to motor insurers. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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