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Acquisition for HPI owner

Solera Holdings, owner of the UK’s vehicle provenance provider HPI, has bought Carweb.

Carweb is a provider of vehicle history and vehicle-specific technical data products and services to the UK market.

It said the acquisition will allow Solera to continue to enhance its value proposition, expand its customer base in the part supplier, automobile dealer and service repair shop segments and provide further diversification of its business mix.

Tony Aquila, Solera’s founder, chairman and chief executive officer, said: ‘Carweb complements and further strengthens our Audatex and HPI platforms in the UK. We are confident that Carweb will drive greater synergies between these platforms to better serve our customers.

"Carweb’s robust data solutions and strong industry relationships will enable us to continue to leverage our current customers segments in the UK market and expand into adjacent customer segments, such as part suppliers and service repair shops."

Aquila added: "I am also pleased to welcome a management team that has a proven track record of bringing innovative, high-ROI products to market and whose entrepreneurial culture aligns well with Solera."

 

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