LYNX Services’ President Says Solera Acquisition ‘Good News’

LYNX Services’ president John Wysseier says the acquisition of LYNX Services by Westlake, Texas-based Solera Holdings is “good news.”

“The May 12 announcement of Solera having executed an agreement to acquire LYNX Services, GTS Services and Glaxis from Pittsburgh Glass Works (PGW) is being greeted as good news by our contacts in the insurance and automotive industries,” says Wysseier. “Solera is a well-known and respected provider of technology and services to the markets we serve, so the opportunities for synergy and customer-facing benefits are many.

“At the same time, we anticipate that the strategic relationship between Solera and PGW will provide opportunity and mutual benefits in terms of technology, parts and services within the auto replacement glass vertical, so we look forward to an active pursuit of these benefits on behalf of all clients and constituents,” he adds.

Solera provides software and services to the automobile insurance claims processing and other 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 and CarWeb in the United Kingdom; Hollander serving the North American recycling market; AUTOonline providing salvage disposition in a number of European and Latin American countries; among others. The company offers some products that compete with Mitchell International.

Solera’s ties to the automotive glass industry are long-standing. Tony Aquila founded and served as CEO of Ensera, which developed software that streamlined the automotive collision claims workflow for insurance carriers. Ensera was sold in 2001 to Mitchell International, which appointed Aquila as its president and chief operating officer. He left and founded Solera in January 2005 and partnered with GTCR Golder Rauner, a private equity firm, to purchase the Claims Services Group of Automatic Data Processing for $975 million in April 2006. In May 2007, Solera closed its initial public offering on the New York Stock Exchange. Six months later, the company completed a secondary stock offering.

Garen Staglin, an investor and director for Solera up until January 2011, was the CEO and chairman of Safelite AutoGlass from 1993 to 1999.

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1 Response to LYNX Services’ President Says Solera Acquisition ‘Good News’

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