Repairify™ and LAUNCH Sign Global Patent Licensing and Supply Agreement
Worldwide relationship strengthens and extends the reach of Repairify remote OEM and OEM-compatible diagnostic services
PLANO, Texas – January 11, 2022 – Repairify™, Inc., a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), today announced it has signed a global agreement with Launch Tech Co., Ltd. (“LAUNCH”), a leading global supplier of automotive diagnostic tools and solutions. The agreement licenses Repairify patents to LAUNCH while also establishing Repairify as its preferred service provider.
The agreement enables Repairify to add LAUNCH’s technology, including its SmartLink remote diagnostic system, into its available product offerings. In addition, the agreement will allow Repairify to provide remote OEM and OEM-compatible diagnostic and parts programming services in even more countries.
“We’re excited to enter into this agreement with LAUNCH as it further validates the strength of our patent strategy and allows us to delight more customers around the globe,” said Cris Hollingsworth, President of Repairify Holdings. “With this agreement we are well positioned to expand remote services while continuing to innovate and lead in our additional core areas of diagnostics, calibrations, and automotive intelligence.”
LAUNCH has been in operation since 1992 with more than 800 research and development engineers on staff, enabling the company to stay at the forefront of automotive diagnostics hardware.
“In evaluating prospective technology partners, we were highly impressed with the performance and capability of LAUNCH’s products,” said Maurice Tuff, Chief Technology Officer of Repairify. “We are excited to work with a global diagnostic hardware leader as we continue to revolutionize vehicle repair for our customers.”
Repairify, Inc., and its family of brands empower the automotive repair industry to master today’s modern, data-intensive vehicles. By providing revolutionary OEM tool and validated OEM-compatible technology, services, and intelligence, Repairify helps automotive professionals run better businesses through improved diagnostics, calibration, programming, and workflow. Repairify’s brands are committed to vehicle and driver safety by providing repairers with excellent service supported by the highest quality and precision tools, technology, and data.
Repairify, Inc., is a portfolio company of Kinderhook Industries, LLC. The Repairify family includes asTech, adasThink, BlueDriver, FleetGenix, MobileTechRX, One Guard Inspections and RED (EU). For more information, please visit repairify.com.
Launch Tech Co., Ltd was founded in 1992 and successfully listed on the Main Board of Stock Exchange of Hong Kong Limited (Stock Code: 2488) in 2011. LAUNCH is one of the first high-tech enterprises in China who dedicated to professional diagnostic tools, DIY scan tools, ADAS calibration tools, TPMS solutions and other maintenance equipment. Committed to technological innovation and independent R&D, LAUNCH has more than 800 R&D engineers in its centers in Shenzhen and Shanghai, as well as global R&D teams in North America, Germany, Japan, Korea and Latin America. For more information, please visit www.cnlaunch.com.
About Kinderhook Industries
Kinderhook Industries, LLC is a private investment firm that manages over $3.3 billion of committed capital. We have made in excess of 275 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching unique, growth-oriented investment opportunities with exceptional financial expertise and our proprietary network of operating partners. Our focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental / business services, and automotive / light manufacturing sectors. We have a track record of successfully and consistently building industry leaders.
For more information, please visit: kinderhook.com.