CAP Automotive, the leading data and information systems provider to the automotive industry, has been acquired by Solera Holdings, Inc., a leading provider of risk and asset management software to the automotive and property marketplace.
Solera, which already has long-established operations in the UK, is also active in more than 70 other countries worldwide. However, the acquisition of CAP creates its only UK-based enterprise with decision support data and software solutions spanning vehicle valuation, validation, collision and mechanical repair and total cost of ownership.
“As a Solera company, CAP will be able to leverage the numerous synergies across Solera’s global platform, enabling the rapid development and deployment of solutions that will add unique value to both CAP and Solera customers.
“CAP’s market-leading data, risk and asset management expertise, and dedication to enabling informed customer decisions makes us a natural fit in the Solera family. In taking this exciting step, I am most excited by the opportunities it will bring for our customers,” said Ian Rendle, CAP Automotive CEO.
