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Solera Holdings, Inc. to acquire assets from PS Holdings

Solera to acquire APU
We may not know much about Solera Holdings but we do know names such as Hollander, Pinnacle, Audatex and HPI - and APU is the latest addition. The UK market for green parts is fast being driven by organisations such as as Solera.
Hollander’s parent company, Solera Holdings Inc who snapped up Actual Systems recently, have now signed an agreement to acquire the assets of PS Holdings, L.L.C. These names may not mean much to you but they will!

PS Holdings, L.L.C’s services are sold under the “APU” brand name. APU is a cloud-based locator of recycled, aftermarket, reconditioned and surplus original equipment parts for the vehicle repair industry. Based in the United States, 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, including many of the top U.S. insurance carriers. In the U.S., parts purchases represent over 40% of the cost of vehicle collision repair, and insurance carriers view access to a robust total parts supply solution as a critical driver in reducing claims severity.

“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 channelled 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.”

It would appear to us that Solera are putting these companies together to not only develop their Stateside business but also “abroad” as their Chief Exec puts it, and that includes here - stay tuned as I am sure there are plenty of developments to come!

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