Accident Exchange Sells AX Innovation to Total Specific Solutions

Accident Exchange Limited has successfully sold its subsidiary, AX Innovation Limited, to Total Specific Solutions. The sold division specializes in developing software solutions, particularly in fleet management, telematics, and vehicle tracking. The advisory role for this transaction was undertaken by Freeths LLP, a law firm that provided comprehensive legal advice throughout the process. The team at Freeths was led by Director Hannah Tessyman and included a multi-disciplinary group of professionals. Both companies express satisfaction with the deal, noting the professional advisory support and collaborative spirit in executing the transaction. This divestment is seen as a strategic step for Accident Exchange Limited, enabling both companies to pursue future growth opportunities independently.