Pendragon (GB:PINE) has released an update.
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Pinewood Technologies Group PLC has announced a strategic investment and commercial partnership with Seez App Holding Ltd, a leader in automotive AI. Pinewood will invest $4.2 million for a minority stake and gain exclusive US distribution rights for Seez’s products, aiming to enhance its SaaS offerings and expand into the US market with Lithia Motors. The investment aligns with Pinewood’s focus on innovative retail solutions in the automotive industry and is funded through existing cash resources.
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