AUTOMOTIVE technical information specialist Autodata has been bought by Solera Holdings, owner of cap hpi and Audatex, in a £340m deal.
Founded in 1975, Autodata has evolved from publishing do-it-yourself manuals for car enthusiasts and garages, to delivering fully digital cloud-based diagnostics and repair intelligence for professional mechanics. Autodata’s solutions are used by over 90,000 repair shops in more than 40 countries, covering over 40,000 models worldwide from 136 vehicle manufacturers.
A global name in the automotive data and software industry, Solera was founded as a garage-based startup in 2005 and has grown to process over 240 million transactions annually for 200,000 partners in 80 countries worldwide, across its risk management solution, service maintenance and repair (SMR) and customer retention management platforms.
Solera’s founder, chairman and CEO, Tony Aquila, said: ‘The acquisition of Autodata will not only complement our expanding/existing suite of digital SMR solutions, such as Identifix and Inpart, but will also accelerate the expansion of Solera’s asset protection and risk management solutions in emerging and maturing markets across the globe.’
Rod Williams, CEO of Autodata, said: ‘Today’s motorists expect automotive service professionals not only to understand every vehicle make and model, but also to provide a faster and more accurate service at highly competitive prices. Joining the Solera family will not only amplify Autodata’s ability to meet the growing needs of the industry, but will also provide our customers and partners with access to Solera’s highly innovative mindset and forward-thinking solutions.’
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