Market Overview

Solera Holdings Acquires CarweB Limited

Solera Holdings, Inc. (NYSE: SLH), the leading global provider of software and services to the automobile insurance claims processing industry, today announced that it has acquired 100% of the outstanding shares (the "Acquisition") of CarweB Limited ("CarweB").

CarweB is a provider of vehicle history and vehicle-specific technical data products and services to the UK market. CarweB's robust platform is relied upon by a wide range of customers including parts suppliers, collision and service repair shops, automobile dealerships, manufacturers, insurers, financial institutions and, through its B2C platform, consumers. CarweB's solutions enable its customers to more effectively make both car and car parts purchasing decisions. CarweB's strong customer relationships, data and innovative product features will allow Solera to continue to enhance its value proposition, expand its customer base in the part supplier, automobile dealer and service repair shop segments and provide further diversification of its business mix.

"CarweB complements and further strengthens our Audatex and HPI platforms in the UK.  We are confident that CarweB will drive greater synergies between these platforms to better serve our customers.  CarweB's robust data solutions and strong industry relationships will enable us to continue to leverage our current customers

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Posted-In: News Guidance Contracts Management M&A

 

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