Whole-life costs expert Carcost has been bought by forecasting and data system provider KeeResources.

Carcost was left out of the deal that saw the rest of its McKenzie Myers parent company bought by a venture capital firm earlier this month.

The Carcost staff all transfer over to the new business, with long-standing pair Mark Jowsey and John Williams moving becoming commercial director and operations director respectively.

The new owner has confirmed that LCV data will be added to the system in the "early period of ownership," and is promising investment in extensive replacement and additional software and hardware.