Solera Holdings Inc. has completed the acquisition of the Insurance and Services Division of Pittsburgh Glass Works (I&S), which includes LYNX Services, GTS Services and GLAXIS.
I&S is a 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.
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 offer some products that compete with Mitchell International.
Solera president Tony Aquila served as president of Mitchell International in the early 2000s before founding Solera.
LYNX Services’ president John Wysseier said earlier this year that 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,” Wysseier said. “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 added.
To read the Solera release, click here.