Solera Holdings, Inc., a global provider of data and software for the automotive, home ownership and digital identity management ecosystems, entered into a definitive agreement to acquire Autodata, a UK-based provider of technical information and knowledge solutions for the automotive service, maintenance and repair industry.
The amount of the deal was not disclosed.
Founded in 1975 and led by Rod Williams, CEO, Autodata has evolved from publishing iconic do-it-yourself manuals for car enthusiasts and garages, to delivering digital cloud-based diagnostics and repair intelligence for professional mechanics.
Powered by data from 136 vehicle manufacturers covering over 40,000 models worldwide, Autodata’s solutions today are deployed by over 90,000 repair shops in over 40 countries.
The company has been owned by Bowmark Capital and Rothschild & Co’s Five Arrows Principal Investments since 2014.
Led by founder, Chairman and CEO Tony Aquila, Solera provides digital technologies to manage and protect cars, homes and identities. Since its inception in 2005, Solera has grown with over 40 acquisitions across its Risk Management Solutions, Service Maintenance & Repair, and Customer Retention Management platforms.
The company’s current product solutions include Audatex, AutoPoint, CAP/HPI, Digidentity, Enservio, Explore Data, Hollander, Identifix, Inpart, LYNX and TitleTec, as well as its flagship Digital Garage application.
Today, Solera processes over 240 million transactions annually for approximately 200,000 partners and customers in 80+ countries.
The company went public on the NYSE in 2007 under the stock symbol “SLH”, joined the S&P 400 in 2009, and went private in 2016 in a $6.5 billion transaction backed by Vista Equity Partners, Koch Industries and Goldman Sachs.
FinSMEs
04/01/2017