|Solera buys APU Solutions|
|News - Recycling|
|Friday, 13 July 2012 15:00|
Westlake, Texas -- July 13, 2012 -- Solera has signed a definitive agreement to acquire substantially all the assets of APU Solutions, a cloud-based locator of recycled, aftermarket, reconditioned and surplus original equipment parts for the vehicle repair industry.
APU sources these alternative parts from its extensive, qualified network of automotive recyclers, parts distributors, dealers and manufacturers. APU's customer base consists primarily of insurance carriers.
"This acquisition will be an important milestone in our ongoing effort to provide our customers with software applications and decision support tools that facilitate electronic vehicle parts trading. APU links the demand for parts channeled through our core estimatics with the supply of parts in the collision repair chain, driving additional value to our customers," said Tony Aquila, Solera's founder, Chairman and Chief Executive Officer. "APU will build on and extend the part procurement capabilities we deliver through our Audatex and Hollander businesses in the U.S. and abroad. Because of this, we are excited about the opportunities to leverage APU solutions outside the U.S. to help insurers effectively manage their part costs."
|Last Updated on Friday, 13 July 2012 15:00|