Pinewood Technologies Group to Join FTSE 250

Core Insights - Pinewood Technologies Group PLC, trading as Pinewood.AI, will be added to the FTSE 250 Index effective from 16 September 2025, as confirmed by FTSE Russell [1] - The company became an independent software entity focused on automotive retail solutions in 2024, following its separation from Pendragon PLC [2] - Pinewood.AI has secured new contracts and expanded its portfolio into artificial intelligence, including the launch of a GPT-powered Automotive Intelligence Chat product [2] - The company is preparing to enter new markets, specifically North America [2] - Pinewood.AI plans to provide a comprehensive update on its strategy and outlook alongside its interim results for the six months ending 30 June 2025, scheduled for release on 24 September [3] - The CEO, Bill Berman, described the index inclusion as a recognition of the company's efforts and the market opportunities for its technology [3] - Founded in 1981, Pinewood Technologies specializes in cloud-based systems for automotive retailers and OEMs [4] - The company became a standalone entity after Pendragon sold its UK motor and leasing divisions to Lithia Motors in 2024 [4] - In February 2025, Pinewood Technologies acquired Seez, an AI and machine-learning SaaS platform for the automotive sector [4]