Monday, 02 June 2014 23:23

Solera Buys Pittsburgh Glass Works’ Insurance Business

Solera Holdings Inc. says it is buying the insurance and services division of private equity-owned Pittsburgh Glass Works LLC for $280 million, expanding the Texas-based insurance software company’s business to include automobile repair and claims management services. Solera’s acquisition of the insurance division, which is expected to close by the end of June 2014, will be paid for entirely with cash, the company said. Pittsburgh Glass Works is owned by Kohlberg & Co.

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