Capricorn, Repairify Enter Joint Venture

Capricorn, Repairify Enter Joint Venture

The companies say the JV will deliver remote diagnostic services to repairers across Australia and New Zealand.

Capricorn Society Limited and Repairify Australia Holdings Pty Ltd have entered into a joint venture agreement that will deliver advanced automotive remote diagnostic services to repairers across Australia and New Zealand.

This is an integral part of Capricorn’s commitment to provide high levels of support to over 25,000 member businesses, helping them to be best equipped with connected technology to professionally deal with modern vehicle servicing across the vast and ever changing Australian and New Zealand car parc, the company states.

Repairify provides remote automotive diagnostic services across North and South America, Canada and Europe, with strong long term relationships across a wide range of Original Equipment Manufacturers (OEM).

Repairify has the goal of pushing all boundaries to stay at the forefront of innovation, the company notes. This joint venture with Capricorn further solidifies this commitment, while providing world class remote diagnostic services to the Australian and New Zealand automotive service and repair trade. Leveraging digital tooling and remote service expertise enables automotive repairers and service centres to deliver a superior customer experience through faster turnaround times with increased workshop productivity. 

Capricorn and Repairify each have a 50% ownership of this joint venture, which will be branded as “Repairify” and distributed across Australia and New Zealand by Capricorn as a Capricorn Preferred Supplier.

Both companies are looking forward to introducing innovative products and services that address the diagnostic and repair requirements of the Australian and New Zealand automotive aftermarket with the aim of ensuring vehicles are repaired and returned to the road safely.

While Capricorn members will gain significant benefits from this new joint venture, it is important to note that all Repairify products and services will also be available to all automotive aftermarket workshops across Australia and New Zealand, regardless of whether they are a Capricorn member. This outlines the total commitment of both companies to best support the industry as a whole towards a stronger future, the company adds.

In summary, this joint venture allows Capricorn and Repairify to leverage their well proven and long-term industry strengths.

Repairify brings its patented technology, OEM relationships and experience with advanced remote automotive diagnostic services. Capricorn brings almost five decades of Australian and New Zealand automotive aftermarket knowledge, sales and relationship management, payment solutions and its constantly growing member base across both countries.

“Repairify is delighted to enter this strategic joint venture with Capricorn. We see a huge opportunity to support Australian and New Zealand repairers as the technology evolves and we are keen to introduce our proposition to the market,” said Cris Hollingsworth, president – Repairify Inc.  

“Capricorn is a natural choice for a strategic partner due to their unparalleled position in the marketplaces in Australia and New Zealand. We are confident that with our products and services and the Capricorn network, we can rapidly introduce our technology to ensure that the market can undertake and complete complex vehicle repairs,” Hollingsworth concluded.

“Being able to efficiently and effectively diagnose and calibrate remotely connected vehicles is imperative to the long-term business success of the smallest to the largest automotive workshops across Australia and New Zealand,” said Capricorn group chief executive officer, David Fraser.

“We are delighted to have formed this joint venture with Repairify who have built a strong reputation across the world for their patented technology and experience, sharing the same commitment to the success of the automotive aftermarket repair and service industry,” Fraser continued.

“Capricorn’s core purpose is to support its members to build stronger businesses and we are confident that this exciting joint venture represents a major leap forward in actioning this commitment by providing unparalleled member and industry support,” Fraser concluded.

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