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Solera Holdings Inc's Subsidiaries to Acquire Pusula Otomotiv

Monday, 22 Jul 2013 05:08pm EDT 

Solera Holdings Inc announced that one of its subsidiaries has signed a definitive agreement to acquire 100% of the equity interests (the Acquisition) of Pusula Otomotiv (Pusula). The Acquisition is subject to certain conditions to closing and is expected to close in the first quarter of Solera's fiscal year 2014. Pusula is a provider of vehicle disposition and titling services in Turkey. Pusula's web platform connects buyers, including total loss vehicle resellers, repair shops and spare parts recyclers, with sellers, insurers and fleet companies that seek to auction total loss vehicles. Pusula is also the only online automotive auction company in Turkey that has established an in-house title transfer capability, enhancing the value of its services to its customers. 

Company Quote

-0.37 -0.84%
2 Jul 2015