Pinewood Technologies, the software business originally part of Pendragon, will join the FTSE 250 Index this week.
It said the move reflected the “significant success” that Pinewood.AI had experienced since becoming a standalone software business in 2024.
In that time the Company has won new contracts, expanding into AI solutions, developing its technology and preparing for its expansion into new markets, most notably North America
Pinewood.AI will provide a full update on its strategic progress and outlook when it reports its interim results for the six months ended 30 June 2025 on Wednesday, 24 September 2025.
Bill Berman, CEO of Pinewood.AI, commented: “I am very proud that we have entered the FTSE 250 index less than two years after becoming a standalone software business.
“This achievement is a testament to the hard work of our people, the industry-leading nature of our technology and the significant exciting opportunities in the market for Pinewood.AI.”
Pinewood recently launched its Parts Trade Portal which moves parts ordering away from a phone-based process to a self-service platform. Trade customers can access real-time availability and pricing across dealer stock types, place orders directly in the dealer’s DMS, and track order status through to delivery.
It also introduced Automotive Intelligence Chat (AI Chat), a ‘digital concierge’, to enhance the customer car buying experiences with always-on support and the ability to book services, test drives and more.
And in June, Pinewood Technologies Group and Lithia UK Holdings Limited, a wholly-owned subsidiary of Lithia & Driveway, announced an agreement in which Pinewood.AI will acquire Lithia’s 51% interest in their North American joint venture (JV) for $76.5 million.
