18 November 2020
Spectrum Corporate Finance has successfully advised Watchstone Group PLC, a UK-based provider of sector leading expertise in software, consultancy and technology enabled outsourcing, on the disposal of telematics-based car insurance brand Ingenie to A-Plan Group for £5.5m.
Based in Leatherhead, Ingenie specialises in car insurance for learners and young drivers. Ingenie offers a fresh approach to car insurance, using telematics technology to assess individual driving behaviour so customers pay for their insurance cover based on the way they drive.
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