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The Solera Group of Companies has announced a proposal to close the Salisbury operation of HPI Limited, and relocate some functions to the Leeds base of its sister company, CAP Automotive, or elsewhere.
The proposal aims to merge CAP Automotive with HPI to facilitate closer working and unlock future product innovation and growth. A consultation process has begun with all affected staff.
Ian Rendle, chief executive officer of CAP said: “Our aim is to accelerate growth by bringing our CAP and HPI teams closer together. Each is already a brand leader in its field and through better sharing of ideas, expertise, and opportunities, we are confident we can unlock more product innovation, and commercial success for the business overall.”
HPI and CAP are both extremely successful businesses and market leaders within their respective fields, providing sophisticated data and software solutions, which are highly valued by the UK’s leading automotive companies.
Neil Hodson, managing director of HPI said: “Together we are stronger and able to provide an offer that is unmatched by our competition. The proposed new structure will enable us to create more product innovation and commercially effective products for our customers, and accelerate the growth of both the HPI and CAP brands, whilst also streamlining group operations.”