Solera Holdings Acquires CarweB Limited; Acquisition Will Strengthen Vehicle Data and Decision Support Capabilities in the UK
WESTLAKE, TeX --Dec. 7, 2012: Solera Holdings, Inc. , 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 segments in the UK market and expand into adjacent customer segments, such as part suppliers and service repair shops," said Tony Aquila, Solera's Founder, Chairman and Chief Executive Officer. "I am also pleased to welcome a management team that has a proven track record of bringing innovative, high-ROI products to market and whose entrepreneurial culture aligns well with Solera."
Solera is the leading global provider of software and services to the automobile insurance claims processing industry. Solera is active in over 60 countries across six continents. The Solera companies include Audatex in the United States, Canada, and in more than 45 additional countries, Informex in Belgium and Greece, Sidexa in France, ABZ and Market Scan in the Netherlands, HPI in the United Kingdom, Hollander serving the North American recycling market, AUTOonline providing salvage disposition in a number of European and Latin American countries, IMS providing medical review services, and Explore providing data and analytics to United States property and casualty insurers.