Solera Holdings, Inc. Completes Acquisition of the Insurance and Services Division of Pittsburgh Glass Works, LLC

Date: 1 August 2014
Source: Solera Holdings, Inc.

Date: 1 August 2014

Solera Holdings, Inc. ("Solera", "we" or "our") (NYSE: SLH), a leading global provider of software and services to the automobile insurance claims processing and decision support industries, today announced that it has completed the acquisition of the Insurance and Services Division of Pittsburgh Glass Works, LLC ("I&S"),a portfolio company of funds managed by Kohlberg & Company LLC.   Operating under the brand names of LYNX Services, GTS Services and GLAXIS, I&S is a leading provider of software and business management tools, third-party claims administration, first notice of loss and network management services to the U.S. auto and property repair industries specializing in glass claims.

About Solera

Solera is a leading global provider of software and services to the automobile insurance claims processing and decision support industries. Solera is active in over 65 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; and Service Repair Solutions, a joint venture with Welsh, Carson, Anderson & Stowe, that provides solutions for the service, maintenance and repair market.  For more information, please refer to our website at http://www.solerainc.com. 

SOURCE  Solera Holdings, Inc.

Kamal Hamid, VP of Investor Relations, 858-946-1676, Kamal.hamid@solerainc.com
600450 Solera Holdings, Inc. Completes Acquisition of the Insurance and Services Division of Pittsburgh Glass Works, LLC glassonweb.com

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