Solera To Acquire Sachcontrol AG - Quick Facts

(RTTNews) - Solera Holdings, Inc. (SLH) announced it has signed a definitive agreement to acquire sachcontrol AG, a property claims business based in Dresden, Germany.

"This acquisition represents our most significant investment yet in strengthening our property claims platform and further extends our reach into the household in Germany and Austria," said Tony Aquila, Solera's CEO.

Sachcontrol is a leading property claims management provider in Germany. Sachcontrol's database contains millions of data points, localized by postal code covering thousands of repair steps across multiple building trades.