WESTLAKE, Texas Solera Holdings Inc., a global provider of software and services to the automobile insurance claims processing and decision support industries, has announced that one of its subsidiaries has signed a definitive agreement to acquire Distribution Services Technologies Inc. (DST). The acquisition is subject to certain conditions 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.
"Strengthening our parts platform is a valuable component of our mission 2020 strategy," said Tony Aquila, Solera’s founder, chairman and CEO. "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."