Solera Holdings to Acquire Distribution Services Technologies

Proquest LLC

Solera Holdings, Inc., a global provider of software and services to the automobile insurance claims processing and decision support industries, announced that one of its subsidiaries has signed a definitive agreement to acquire 100 percent of Distribution Services Technologies, Inc. (DST).

In a release on Dec. 12, Solera said the Acquisition is subject to certain conditions to closing and is expected to close by the third quarter of its fiscal year 2014.

DST is a provider of B2B e-Commerce, ERP support and analytics solutions for automotive mechanical part distributors in North America. Through its cloud-based procurement solutions, DST connects mechanical aftermarket, heavy duty and OEM parts suppliers with repair shops, dealerships and fleet consumers, driving revenues and lowering operating costs.

"Strengthening our parts platform is a valuable component of our Mission 2020 strategy. The DST acquisition expands our parts strategy to now cover mechanical parts and will connect directly to both our Insurance Claims and Service Maintenance Repair platforms to reduce cycle time and create industry-leading accuracy in part selection," said Tony Aquila, Solera's Founder, Chairman and Chief Executive Officer. "The combination of DST's mechanical parts expertise with our Hollander and APU businesses represents a significant step forward in expanding our parts platform to serve both the mechanical and collision markets in North America and beyond."

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.