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Tag Archives: Solera Holdings
TODAY’S BLOG: The Intersection of Collision Body Shops and Glass
“When airbags deploy in a crash, chances are good the glass is damaged. The collision repair and AGRR industries’ relationship goes back for decades. However, in recent years, it appears these ties have become stronger.” —Jenna Reed
Vista Equity Partners Completes Acquisition of Solera Holdings
Vista Equity Partners has officially closed its acquisition of Solera Holdings, parent company to LYNX Services, GTS and Glaxis. Other key investors include an affiliate of Koch Equity Development LLC, the investment and acquisition subsidiary of Koch Industries Inc., and an affiliate of Goldman, Sachs & Co.
Solera Reports Revenue Decline from Glass and Collision Customers
Solera Holdings’ revenues from collision and glass facility customers were $68.7 million for the second fiscal-year quarter, down 4.9 percent from the same period last year. The company did not break out its glass-only results. “On a constant-currency basis, revenues … Continue reading
It’s Official: Vista Equity Acquires Solera
Westlake, Texas-based Solera Holdings Inc., parent company of Lynx Services, has a new owner. Vista Equity Partners says it has acquired the company for $55.85 per share in cash (the Merger). The New York Times puts that at a $6.5 … Continue reading
Posted in glassBYTEs Original Story
Tagged LYNX Services, Solera Holdings, Vista Equity Partners
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Solera Holdings Reports Net Loss in Part Due to Pending Deal to Go Private
Tony Aquila, Solera Holdings founder, chairperson and CEO, did not answer any questions or talk about the company’s future outlook during the conference call late last week, which discussed fiscal-year first-quarter sales. Because the company is set to go private, the company sees no need, said Aquila.
Solera Holdings Schedules Special Stockholders Meeting
Solera Holdings, parent company to LYNX Services, GTS and Glaxis, is moving forward with its plan to go private. It has scheduled a special stockholders meeting for December 8, 2015 at 8 a.m. Central Time, at the Grand Hyatt DFW at Dallas/Fort Worth International Airport to hold a vote on the deal.
Solera Holdings Says FTC Terminated Waiting Period under Hart-Scott-Rodino Antitrust Act
Solera Holdings, parent company to LYNX Services, GTS and Glaxis, announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 was terminated by the United States Federal Trade Commission (FTC) on October 9, 2015. This waiting period … Continue reading
Report: Solera Holdings Has New Suitor
Another company is considering an offer for Solera Holdings that tops Vista Equity Partners deal which is valued at $6.5 billion, including Solera’s existing debt, according to a report. Solera, parent company to LYNX Services, GTS and Glaxis, could terminate “the merger agreement [with Visa Equity] in compliance with its terms in order to accept a superior proposal,” according a U.S. Securities and Exchange Commission (SEC) document filed last week.
Posted in glassBYTEs Original Story
Tagged AGRR, glassBYTEs.com, GLAXIS, GTS, IHS Inc., LYNX Services, Solera Holdings, Vista Equity Partners
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Solera Holdings to Go Private
Solera Holdings, parent company to LYNX Services, GTS and Glaxis, will operate as a privately-owned company once Vista Equity Partners, Koch Industries and Goldman, Sachs & Co., close the deal to acquire 100 percent of the outstanding shares of Solera common stock for $55.85 per share in cash, according a newly filed U.S. Securities and Exchange Commission (SEC) document.
UPDATED: Vista Equity Partners to Acquire Solera Holdings
Vista Equity Partners will acquire Solera Holdings in a transaction valued at $6.5 billion, which includes Solera’s existing debt. Other investors include an affiliate of Koch Equity Development LLC, which is the investment and acquisition subsidiary of Koch Industries Inc., and an affiliate of Goldman, Sachs & Co.
HOT NEWS: Vista Equity Partners to Acquire Solera Holdings
Vista Equity Partners will acquire Solera Holdings in a transaction valued at $6.5 billion, which includes Solera’s existing debt. Other investors include an affiliate of Koch Equity Development LLC, which is the investment and acquisition subsidiary of Koch Industries Inc., and an affiliate of Goldman, Sachs & Co.
Solera Holdings Cuts Fiscal 4Q Sales Call Short
Tony Aquila, Solera Holdings founder, chairperson and CEO, did not answer any questions or discuss the company’s future outlook during this week’s conference call on fiscal-year fourth-quarter sales. Why? Because the company is exploring a possible sale.
Posted in glassBYTEs Original Story
Tagged AGRR, glassBYTEs.com, GLAXIS, GTS, LYNX Services, Solera Holdings, Tony Aquila
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Solera Holdings Says It’s Exploring Possible Sale
Solera Holdings, which owns LYNX Services, GTS and Glaxis, is “exploring a variety of strategic alternatives,” including a possible sale of the company, according to a company statement it released.
Posted in glassBYTEs Original Story
Tagged GLAXIS, GTS, LYNX Services, Solera Holdings, Tony Aquila
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Tesla Motors Selects Solera to Provide Collision and Customer Communication Services
Tesla Motors has tapped Solera Holdings’ collision estimating and customer communication platforms for its global certified collision repair centers.
Posted in glassBYTEs Headlines
Tagged AGRR, AudaExplore, Audatex, glassBYTEs.com, Solera Holdings, Tesla Motors, Tony Aquila
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Solera Closes Identifix Acquisition
Solera Holdings has closed its acquisition of 100 percent of Identifix, a software company that services the vehicle service, maintenance and repair market.
Posted in glassBYTEs Headlines
Tagged AGRR, glassBYTEs.com, Identifix, Solera Holdings
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Solera Acquires Identifix
Solera Holdings is acquiring 100 percent ownership of Identifix, an industry leading data-driven software-as-a-service company within the $8 billion vehicle service, maintenance and repair (SMR) market.
Posted in glassBYTEs Headlines
Tagged AGRR, glassBYTEs.com, Identifix, Solera Holdings, Tony Aquila
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Solera to Invest $5 Million to Build Research Facility for China’s Growing Insurance and Repair Industry
Solera Holdings will invest $5 million (USD) to support the rapidly growing Chinese automobile insurance market with the creation of a Solera Technology Center (STC) research facility.
LYNX Helps to Push Solera Holdings Revenues Up 15 Percent for the Americas
Solera Holdings, owner of LYNX Services, reported third-quarter 2015 revenues for the Americas of $149.7 million, up 15.4 percent over the same period last year. After excluding the revenues of the Insurance and Services division of Pittsburgh Glass Work, revenues grew by 3.8 percent over the prior year.
Solera Holdings’ Revenues Up 33 Percent for Americas, Largely Due to LYNX Services
Solera Holdings, owner of LYNX Services, reported second-quarter 2015 revenues for the Americas of $148.0 million, up 33.2 percent from the prior second quarter. After excluding revenues for Service Repair Solutions and the Insurance and Services division of Pittsburgh Glass Works, Americas’ revenues grew by 5.9 percent from the prior year.
Solera Holdings Purchases Service Dynamics through Equity Interest
Solera Holdings, owner of LYNX Services, has acquired 100 percent of the equity interests of Service Dynamics.
Posted in glassBYTEs Headlines
Tagged AGRR, glassBYTEs.com, LYNX Services, Service Dynamics, Solera Holdings, Tony Aquila
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Solera Holdings Acquires IBS Automotive in the Czech Republic and Slovakia
Solera Holdings has acquired 100 percent of the equity interests of IBS Automotive s.r.o. IBS is a provider of vehicle valuation data in the Czech Republic and Slovakia.
Posted in glassBYTEs Headlines
Tagged AGRR, Czech Republic, glassBYTEs.com, IBS Automotive s.r.o., Slovakia, Solera Holdings, Tony Aquila
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Solera Holdings Gives Aquila a Special Cash Award for Diversifying the Business Model
The Compensation Committee of Solera Holdings granted a one-time, special cash award of $2.6 million to Tony Aquila, CEO.
Posted in glassBYTEs Headlines
Tagged AGRR, glassBYTEs.com, Solera Holdings, special cash award, Tony Aquila
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Solera Acquires U.S.-Based CAP Automotive
Solera Holdings Inc. has acquired 100 percent of the equity interests in CAP Automotive. CAP provides real-time valuations and specifications for new and used vehicles in the United Kingdom. On an annual basis, CAP currently processes over 18 million valuations, according to officials.
Posted in glassBYTEs Headlines
Tagged AGRR, CAP Automotive, glassBYTEs.com, Solera Holdings, Tony Aquila
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Solera Holdings Closes Private Offering of Senior Notes
Solera Holdings announced that its indirect wholly-owned subsidiary, Audatex North America Inc., has closed a private offering of an additional $175.0 million aggregate principal amount of its 6.000 percent senior notes due 2021 and an additional $225.0 million aggregate principal amount of its 6.125 percent senior notes due 2023.
Posted in glassBYTEs Headlines
Tagged AGRR, Audatex North America Inc, glassBYTEs.com, senior notes, Solera Holdings
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Solera Holdings Launches $350 Million Senior Note Private Offering to Fund Potential Acquisition
Solera Holdings announced that subsidiary Audatex North America plans to issue additional 6.000 percent senior notes due 2021 and additional 6.125 percent senior notes due 2023 in an aggregate principal amount of $350 million in a private offering.
Posted in glassBYTEs Headlines
Tagged AGRR, Audatex North America, glassBYTEs.com, senior notes, Solera Holdings
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Solera CEO: Glass Is a $2 Billion Market Opportunity
Solera Holdings’ founder, chairman and CEO Tony Aquila called glass a $2 billion market opportunity during his company’s fiscal first-quarter conference call.
Posted in glassBYTEs Original Story
Tagged AGRR, automotive glass, glassBYTEs.com, Solera Holdings, Tony Aquila
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Tony Aquila:
Tony Aquila, CEO of Solera Holdings, parent company to LYNX Services, GTS and Glaxis, provided an overview of where the consumer-auto interface is going and offered a few insights on the automotive glass industry during his keynote address at Auto Glass Week in Baltimore this morning. “I want to talk about you and what we are going through as an industry,” said Aquila, “I’d like you to open your mind a bit.”
Posted in glassBYTEs Headlines
Tagged AGRR, Auto Glass Week 2014, glassBYTEs.com, Solera Holdings, Tony Aquila
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Solera’s CEO Talks Glass During Quarterly Report
The addition of the automotive glass claims business has not yet had much of an impact on business, according to Tony Aquila, CEO of Solera Holdings. But he expects this to change soon.
Posted in glassBYTEs Original Story
Tagged AGRR, AGRR magazine, automotive glass claims, glassBYTEs.com, GLAXIS, GTS, LYNX Services, Solera, Solera Holdings, Tony Aquila
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Solera CEO, Tony Aquila, to Deliver Wednesday Keynote at Auto Glass Week™ 2014
Tony Aquila, of Solera Holdings, Inc., will deliver the Wednesday keynote address at this year’s Auto Glass Week™, (http://autoglassweek.com/) which will be held at the Baltimore Convention Center in Baltimore, Md. He is scheduled to speak Wednesday morning, October 8, from 9:00 – 9:45 a.m. and will be presenting, “A Look Ahead.”
Posted in glassBYTEs Headlines
Tagged AGRR, Auto Glass Week, Auto Glass Week 2014, glassBYTEs.com, Glaxis Technology, GTS, LYNX, LYNX Services, Solera Holdings, Tony Aquila
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Solera Completes Acquisition of PGW’s Insurance and Services Division
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.
Solera Announces Australia & New Zealand Cooperation Agreement with Suncorp Group
Solera Holdings is now the preferred provider of automobile insurance claims processing software and services for Suncorp Group, which includes a portfolio of leading general insurance brands in Australia and New Zealand.
Posted in glassBYTEs Headlines
Tagged AGRR, AGRR magazine, glassBYTEs.com, Leigh Bryan, LYNX Services, Solera Holdings, Suncorp Group, Tony Aquila
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Solera Holdings Announces Closing of Private Offering
Solera Holdings’ indirect wholly-owned subsidiary, Audatex North America has closed a private offering of $150 million aggregate principal amount of its 6.000 percent senior notes due 2021. The New 2021 Notes were offered at an issue price of 106.50 percent of their principal amount, plus accrued interest from December 15, 2013. The New 2021 Notes were issued as additional notes under the indenture governing the outstanding $1.36 billion in aggregate principal amount of the Issuer’s 6.000 percent Senior Notes due 2021 that were issued on July 2, 2013 and November 5, 2013.
Posted in glassBYTEs Headlines
Tagged 2021 Notes, AGRR, AGRR magazine, Audatex, glassBYTEs.com, Private Offering, Solera Holdings
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Solera Holdings to Acquire sachcontrol AG
Solera Holdings, which recently acquired the Insurance and Services Division of Pittsburgh Glass Works, including LYNX Services, GTS Services and Glaxis, has signed a definitive agreement to acquire sachcontrol AG, a property claims business based in Dresden, Germany.
Posted in glassBYTEs Headlines
Tagged AGRR, AGRR magazine, glassBYTEs.com, GLAXIS, GTS Services, LYNX Services, sachcontrol AG, Solera Holdings, Tony Aquila
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Solera Holdings to Issue Private Notes to Raise Capital
Solera Holdings’ indirect wholly-owned subsidiary, Audatex North America Inc., plans to issue additional 6.000 percent senior notes due 2021 and additional 6.125 percent senior notes due 2023 in an aggregate principal amount of $100.0 million in a private offering. Audatex will use the proceeds for working capital and other general corporate purposes, which “may include funding the acquisition of the Insurance and Services Division of Pittsburgh Glass Works LLC,” that includes LYNX Services, GTS Services and Glaxis.
Posted in glassBYTEs Headlines
Tagged Audatex, Audatex North America, GLAXIS, GTS Services, LYNX, LYNX Services, Solera Holdings
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Industry Takes Wait and See Attitude with LYNX, Solera Holdings’ Deal
“I’m hoping that with Solera Holdings, [LYNX Services] can compete with Safelite Solutions’ dominance in the third-party administrator (TPA) [of automotive glass claims’] arena,” says Henry Peralta, sales manager for Stockton Auto Glass in Stockton, Calif. Westlake, Texas-based Solera Holdings is in the process of purchasing Pittsburgh Glass Works’ (PGW) Insurance and Services Division, which includes LYNX Services, GTS and Glaxis, along with other information technology services.
Posted in glassBYTEs Original Story
Tagged AGRR, AGRR magazine, Garen Staglin, glassBYTEs.com, GLAXIS, GTS, Henry Peralta, John McAuley, Kerry Soat, LYNX, LYNX Services, Solera Holdings, Tony Aquila
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