Insurance services provider Handl Group has acquired We’ve Got The Key (WGTK) as part of plans to grow in the auto locksmith market, a statement released today (10 October 2023) said.
Norwich-based WGTK provides auto locksmith services to insurers, breakdown and recovery services as well as fleet and rental sectors across the UK.
The firm is currently looking to double the amount of call outs it receives from 50,000 to 100,000 per year and expand its footprint to support motor insurers with key-related claims.
Handl said it acquired the firm as it felt that WGTK had potential to become a “national brand for resolving auto lockouts”.
”The auto locksmith market is hugely disaggregated, with literally thousands of sole traders and a few small panels,” Chris Chatterton, chief commercial officer of Handl, added.
“But, we believe WGTK has the potential to become a national brand for resolving auto lockouts in the same way that Home Serve did for home emergency cover.”
“It’s a deal with massive potential and we’re very excited by this opportunity.”