Solera Holdings, Inc. and MAPFRE S.A., the global insurer, announced that their existing joint venture, Solera Technology Centre GmbH (STC), has signed a definitive agreement to acquire CESVI (Center for Experimentation and Road Safety) Brazil. The acquisition is subject to closing conditions, including approval by the Brazilian competition regulatory authority.
CESVI Brazil is an automotive research and experimentation center, focused on providing insight, safety guidelines and transparency, including training for vehicle repair facilities and their technicians, insurers, original equipment manufacturers, and governmental entities.
Founded in 2011, STC was created to leverage Solera’s and MAPFRE’s ability and desire to make testing
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