Sep 15, 2025 (MarketLine via COMTEX) --
Pinewood Technologies Group PLC (trading as Pinewood.AI) will be added to the FTSE 250 Index from 16 September 2025, FTSE Russell has confirmed.
The inclusion comes less than two years after Pinewood.AI became an independent, pure-play software company focused on automotive retail solutions. Since its separation from Pendragon PLC in 2024, the business has secured new contracts, expanded its portfolio into artificial intelligence, including the launch of a GPT-powered Automotive Intelligence Chat product, and prepared for entry into new markets such as North America.
Pinewood.AI said it will provide a fuller update on its strategy and outlook alongside interim results for the six months to 30 June 2025, which are due on 24 September.
Chief executive Bill Berman described the index inclusion as aEURoea testament to the hard work of our peopleaEUR and to the market opportunities for the companyaEUR(TM)s technology.
Founded in 1981, Pinewood Technologies provides cloud-based systems for automotive retailers and OEMs. It became a standalone entity after Pendragon sold its UK motor and leasing divisions to US-based Lithia Motors in 2024. In February 2025 the group acquired Seez, an AI and machine-learning SaaS platform for the automotive sector.
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