1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. Germany >
  5. Solera Acquires sachcontrol AG

M&A Deal Summary

Solera Acquires sachcontrol AG

On July 14, 2014, Solera acquired information services company sachcontrol AG

Acquisition Highlights
  • This is Solera’s 1st transaction in the Information Services sector.
  • This is Solera’s 2nd transaction in Germany.

M&A Deal Summary
Date 2014-07-14
Target sachcontrol AG
Sector Information Services
Buyer(s) Solera
Deal Type Add-on Acquisition

Target

sachcontrol AG

Dresden, Germany
sachcontrol AG, a property claims management provider. By comparing property repair invoices against its proprietary database of standardized market prices for materials, labor and repair processes, sachcontrol is able to reduce severity costs for its insurance customers. sachcontrol's database contains millions of data points, localized by postal code covering thousands of repair steps across multiple building trades.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 24 of 40
Sector: Information Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 20 of 34
Country: Germany M&A 2 of 2
Year: 2014 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-06 AutoSoft S.r.l.

Italy

AutoSoft S.r.l., a platform that provides workflow, damage assessment and claims management for insurance companies, vehicle repairers and assessors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-30 Pittsburgh Glass Works s Insurance and Services (

United States

Insurance & Services business unit (“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.

Buy $280M
Mergr

Solution for

Product

Company

Legal