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You are here: Home / News / Solera Makes $443 Million Bid for Australia’s Infomedia

Solera Makes $443 Million Bid for Australia’s Infomedia

June 22, 2022 By CollisionWeek Editor Leave a Comment

Infomedia Ltd (ASX:IFM) announced June 20 that it has received an offer from Solera Holdings LLC to acquire 100% of Infomedia for a price of AU$1.70 per share payable in cash that values the company at AU$638.8 million ($443 million).

Founded in 1987, Infomedia supplies solutions to the parts and service sector of the automotive industry including online parts selling systems, service quoting, data insights, e-commerce, as well as data analysis and information research.

According to Infomedia, Solera’s non-binding indicative proposal is subject to a number of conditions including:

  • completion of due diligence;
  • final approvals from Solera’s Board of Directors;
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Filed Under: News Tagged With: Acquisitions, Australia, electronic parts ordering, Infomedia, Solera Holdings

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