incadea plc (AIM:INCA), a leading provider of enterprise software and services to the global automotive dealership industry, is pleased to announce that indadea.myengine has been named as an officially certified Dealer Management Solution (DMS) for Mercedes-Benz Mexico S. de R.L. de C.V., a subsidiary of Daimler AG headquartered in Mexico City.
incadea.myengine will be one of two officially certified DMS systems for Mercedes-Benz dealerships in Mexico. incadea.myengine has been enhanced with an International Make Layer, so that it is optimised to meet the specific needs of this OEM, and will be localised and adapted to the business and market requirements of Mexico. There are 22 Mercedes-Benz dealerships in Mexico and Mexico is Mercedes-Benz's second fastest growing major market with a growth rate of 29.9% behind only Japan at 38.5%.
Over several years incadea has expanded its relationship with Mercedes-Benz, to now serve more than 4,000 Mercedes-Benz end users across 140 dealerships in 16 geographical markets, including countries such as Greece, Austria, Belgium and Slovakia.
Patrick Katenkamp, CEO of incadea, commented:“We are delighted to continue to expand our relationship with Mercedes-Benz. Incadea’s direct presence in the Mexican automotive market has enabled our position to strengthen across Latin America. This is an important market for the group and one in which we are keen to expand our footprint.
For more information, please visit www.incadea.com or contact:
+49 89 69338 0
Patrick Katenkamp (Chief Executive Officer)
Alex Tsaparas (Chief Financial Officer)
Cenkos Securities plc (Nomad & Broker)
Camilla Hume (Corporate Finance)
Stephen Keys (Corporate Finance)
+44 20 7397 8900
N+1 Singer (Joint Broker)
+44 20 7496 3000
Fiona Conroy / Caroline Forde / Graham Herring
+44 20 7653 9850
About Mercedes-Benz Mexico
Mercedes-Benz Mexico S. de R.L. de C.V. is a subsidiary of Daimler AG headquartered in Mexico City. Its commercial vehicle branches, Daimler Vehiculos Comerciales, S. de R.L. de C.V.; Freightliner Vehiculos Comerciales, S. de R.L. de C.V and International Vehiculos Comerciales, S. de R.L. de C.V. are branches of this subsidiary and share production facilities with Mercedes-Benz Mexico.It is the sole representative, distributor and manufacturer of the Mercedes and Smart brands in Mexico and covers parts of the Central American and South American markets as well.
incadea (LSE AIM: INCA) is the leading provider of enterprise software solutions and services to the global automotive retail and wholesale market. With a proven industry focus and expertise, incadea is the vendor of choice for car manufacturers and their dealer networks around the world. incadea is present in 80 countries, serving a growing community of 68,000 end users, across 2,200 dealerships of market leading OEMs.incadea was founded in 2000 and listed on the AIM market of the London Stock Exchange in 2012.
Headquartered in Germany, incadea has offices inAustria, Greece, Spain, Portugal, Russia, China, India, Taiwan, Mexico, New Zealand. The Company has a network of worldwide certified channel partners, and its range of blue chip customers include over 50 OEMs such as BMW, Toyota, Volkswagen and Mercedes-Benz. For more information, please visit www.incadea.com