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Solera Holdings completes sachcontrol acquisition

A. Lee Graham

Reporter

Solera Holdings Inc. of Westlake has completed its acquisition of sachcontrol AG, a property claims management provider based in Germany.

Solera, which provides software and service to the automobile insurance claims processing and decision support industries, previously announced it had signed an agreement to acquire sachcontrol.

Sachcontrol specializes in reducing customer costs by comparing property repair invoices against its proprietary database of standardized market prices for materials, labor and repair processes.

Tony Aquila, Solera’s founder, chairman and CEO, has described the acquisition as important in extending the company’s footprint in Germany and Austria.

Staff writer Betty Dillard contributed to this report.

 

 

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Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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