ADP Dealer Services has acquired PFW Systems Corp., based in London, Ontario, Canada. PFW Systems Corp. is a leading provider of management software for heavy equipment dealers throughout North America.
For over two years ADP and PFW were engaged in an alliance to deliver PFW's industry-leading Dealer Management System via an ASP (Application Service Provider) Managed Services model. Incorporated in 1981, PFW customers include agricultural and construction equipment distributors.
The PFW acquisition follows ADP's long-term strategy to expand its scope into adjacent segments that align closely with our core automotive business. Similar segments that ADP has expanded into in the past have been powersports/marine/RV and heavy truck segments.
"We are excited to be adding PFW to ADP Dealer Services. PFW is uniquely positioned to deliver cutting edge solutions to the heavy equipment dealer market and this acquisition will deliver long-term benefits for ADP," said Linda Judd, Vice President and General Manager of ADP Dealer Services' Specialty DMS Group.
"We understand the importance of market knowledge and practices and PFW brings ADP a major advantage in ensuring success in this market segment."
"PFW has been very successful in developing, marketing, installing and supporting its IntelliDealer dealership management system. Leveraging ADP's organizational and financial strength means that we can take the next step to meet the demanding requirements of a fast changing and competitive market," stated Robert Morton, president of PFW Systems.
Automatic Data Processing, Inc. (NASDAQ: ADP), with nearly $9 billion in revenues and over 585,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging 60 years of experience, ADP offers the widest range of HR, payroll, tax and benefits administration solutions from a single source.
ADP's easy-to-use solutions for employers provide superior value to organizations of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine and recreational vehicle dealers throughout the world.