Nobilas France, a subsidiary of Innovation Group, has entered into a “significant strategic partnership” with AXA France, which will result in a 75% increase in claims handled.

 

Nobilas currently provides motor accident management services to AXA France, which generate revenue of c.€5.6m pa.

 

Further, AXA has acquired a 30% shareholding in Nobilas for €3.45m in cash.

 

See the announcement here: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11564885