Solera to acquire DST

WESTLAKE, USA: Solera Holdings, Inc. announced that one of its subsidiaries has signed a definitive agreement to acquire 100 percent (the "Acquisition") of Distribution Services Technologies, Inc. ("DST"). The Acquisition is subject to certain conditions to closing and is expected to close by the third quarter of Solera's fiscal year 2014.

DST is a leading provider of B2B e-Commerce, ERP support and analytics solutions for automotive mechanical part distributors in North America. Through its cloud-based procurement solutions, DST connects mechanical aftermarket, heavy duty and OEM parts suppliers with repair shops, dealerships and fleet consumers, driving revenues and lowering operating costs.

Tony Aquila, Solera's founder, chairman and CEO, said: "Strengthening our parts platform is a valuable component of our Mission 2020 strategy. The DST acquisition expands our parts strategy to now cover mechanical parts and will connect directly to both our Insurance Claims and Service Maintenance Repair platforms to reduce cycle time and create industry-leading accuracy in part selection. The combination of DST's mechanical parts expertise with our Hollander and APU businesses represents a significant step forward in expanding our parts platform to serve both the mechanical and collision markets in North America and beyond."