Auto Service World
News   February 12, 2010   by Auto Service World

MEMA Acquires Shareholder Stake in OptiCat

The Motor & Equipment Manufacturers Association (MEMA) announced that it has become a major shareholder in OptiCat LLC; the automotive aftermarket’s first supplier-owned electronic parts catalogue data aggregator.

Automotive Aftermarket Suppliers Association (AASA), MEMA’s affiliate association that exclusively represents North American aftermarket parts manufacturers, will oversee MEMA’s ownership in OptiCat. MEMA joins U.S.-based MindQuest and Europe’s TecDoc Information Systems as OptiCat shareholders.

“We believe, with our members’ support, OptiCat can implement a much more efficient data flow model for the aftermarket that will result in increased profitability for everyone,” said Bob McKenna, president and CEO of MEMA. “As a shareholder and board member, we will represent our members’ interests in this important technology initiative, and improve the quality and timeliness of catalogue and product information data.”