Solera Holdings Inc. has agreed to acquire Autodata Ltd., a provider of technical information for the automotive service, maintenance and repair (SMR) industry.
"Solera's proprietary Invent & Acquire strategy drives both the innovation and proliferation of our data and software platforms," says Tony Aquila, Solera's founder, chairman and CEO. "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."
Autodata has been owned by Bowmark Capital and Rothschild & Co's Five Arrows Principal Investments since 2014.
Founded in 1975, UK-based Autodata has evolved from publishing do-it-yourself manuals for car enthusiasts and garages, to delivering digital cloud-based diagnostics and repair intelligence for professional mechanics.
Powered by data from 136 vehicle manufacturers covering over 40,000 models worldwide, Autodata says its solutions today are deployed by over 90,000 repair shops in over 40 countries for best-in-class coverage, accuracy, reliability, and efficiency.
As technology continues to rapidly drive complex automotive designs, vehicle repair shops increasingly demand sophisticated digital solutions that can enable and sustain efficient aftermarket operations with the highest levels of customer satisfaction, according to Solera.
"Vehicles are not only being driven longer than ever before, but are becoming more technologically advanced and digitally sophisticated," says Aquila. "The SMR industry must be prepared to manage this evolution in mobility with the right mindset, equipment and training. Solera's integration of Autodata will accelerate delivery of the data and software that the global SMR marketplace needs today, as well as the innovative technologies and solutions that the industry will need tomorrow."
Autodata CEO Rod Williams says that 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."
Founded in 2005 as a garage-based startup by Aquila, Solera has grown with over 40 acquisitions across its risk management solutions, service maintenance and repair, and customer retention management platforms. The company's current product solutions include Audatex, AutoPoint, CAP/HPI, Digidentity, Enservio, Explore Data, Hollander, Identifix, Inpart, LYNX and TitleTec, as well as the its flagship Digital Garage application. Today, Solera processes over 240 million transactions annually for approximately 200,000 partners and customers in 80+ countries. For more information, visit www.solera.com, fb.com/solerainnovation, or @soleraworks on Instagram and Twitter.
Established in 1975, Autodata's technical information and knowledge solutions cover 136 manufacturers and over 40,000 vehicle models worldwide. For more information about Autodata, visit www.autodata-group.com/uk.