M&A Deal Summary

Solera Acquires Pusula Otomotiv Ekspertiz Danismanlik Hizmetleri A.S.

On July 22, 2013, Solera acquired internet software and services company Pusula Otomotiv Ekspertiz Danismanlik Hizmetleri A.S.

Acquisition Highlights
  • This is Solera’s 6th transaction in the Internet Software and Services sector.
  • This is Solera’s 1st transaction in Turkey.

M&A Deal Summary

Date 2013-07-22
Target Pusula Otomotiv Ekspertiz Danismanlik Hizmetleri A.S.
Sector Internet Software and Services
Buyer(s) Solera
Deal Type Add-on Acquisition

Target

Pusula Otomotiv Ekspertiz Danismanlik Hizmetleri A.S.

Istanbul, Turkey
Pusula, is a provider of vehicle disposition and titling services in Turkey. Pusula's proprietary web platform connects buyers, including total loss vehicle resellers, repair shops and spare parts recyclers, with sellers, insurers and fleet companies that seek to auction total loss vehicles. Pusula is also the only online automotive auction company in Turkey that has established an in-house title transfer capability, enhancing the value of its services to its customers.

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Buyer(S) 1

Buyer

Solera

Westlake, Texas, United States

Category Company
Founded 1966
Sector Software
Employees3,600
Revenue 987M USD (2013)
DESCRIPTION

Solera is a provider of risk and asset management data and software as a service solution for the automotive and insurance industries. Solera was formed in 1966 and is based in Westlake, Texas.


DEAL STATS #
Overall 18 of 40
Sector: Internet Software and Services M&A 6 of 14
Type: Add-on Acquisition M&A Deals 15 of 34
Country: Turkey M&A 1 of 1
Year: 2013 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-10 Eziworks Pty.

Neerim South, Australia

Eziworks Pty. Ltd., operates as Car Quote. Car Quote, a body shop management system, is a central part of the Australian claims workflow and helps form a critical communication link between insurers and body shops that allows them to exchange collision data.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-17 Servicios Informaticos Serinfo S.A.

Chile

Servicios Informaticos Serinfo S.A., is a provider of dealership and bodyshop management systems. The Serinfo platform enables customers to improve operations and communicate effectively with all stakeholders in the purchase and care of vehicles, including the vehicle owner.

Buy -