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Sale of Pendragon dealerships brought £41m profit for Pinewood

Pendragon PLC's sale of all its Evans Halshaw and Stratstone dealerships and vehicle leasing businesses to Lithia netted a £40.7 million for the remainder of the business, which now continues as Pinewood Technologies PLC.

Pinewood Technologies pivots to software after sale of legacy Pendragon business

Pinewood Technologies, formerly known as Pendragon, has posted its first results since its shift from motor dealership to software company.

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