US firm Solera Holdings has bought vehicle
validation services provider HPI for $117.4m (£82.1m).
validation services provider HPI for $117.4m (£82.1m).
Solera, which provides software and services to
the automotive industry, bought HPI from its owner Aviva for around
$100.5m (£69.5m) in cash and $16.9m (£11.7m) in subordinated notes
with an annual interest rate of 8 per cent, payable on December 31
2011.
the automotive industry, bought HPI from its owner Aviva for around
$100.5m (£69.5m) in cash and $16.9m (£11.7m) in subordinated notes
with an annual interest rate of 8 per cent, payable on December 31
2011.
The acquisition will boost Solera’s 2009
earnings by $21m (£14.5), the company announced.
earnings by $21m (£14.5), the company announced.
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