The agreement gives Verisk license to supply connected car data to insurers in the UK, France, Germany, Italy and Spain. Verisk (NASDAQ:VRSK), a global data analytics provider, announced an agreement with Ford Motor Company (NYSE:F). As part of the agreement, Verisk can offer standardized, insurance-ready telematics data from connected Ford vehicles in Europe to assist […]
D’Ieteren Group Acquires Parts Holding Europe
D’Ieteren Group announces that it has issued a binding offer and entered into exclusive negotiations with Bain Capital Private Equity in view of acquiring 100% of Parts Holding Europe (PHE), a Western European leader in spare parts distribution and services for vehicles and trucks. The proposed transaction values PHE at an Enterprise Value of €1.7 […]
Axalta Opens New Refinish Facility in the Netherlands
Axalta (NYSE: AXTA) has officially opened its new, state-of-the-art, sustainable facility in the Netherlands to strengthen its Dutch refinish business further. The ultramodern, strategically located facility in the Tiel municipality enables Axalta to provide more customers with its industry-leading refinish paint and non-paint products and services. The Axalta global refinish brands in the Netherlands – […]
Sherwin-Williams to Acquire European Industrial Coatings Business of Sika
The Sherwin-Williams Company (NYSE:SHW) announced it has signed an agreement to acquire the European industrial coatings business of Sika AG. The transaction is expected to close in the beginning of 2022. Based in Germany with additional sales and technical support in Poland, Austria and Switzerland, Sika’s European industrial coating business engineers, manufactures and sells corrosion […]
Axalta Unveils Fully Automated Color Mixing Process for Customers in EMEA
Axalta Coating Systems (NYSE: AXTA) announced it will make available pre-filled bottles of basecoat from its industry leading premium refinish brands for Fillon Technologies’ new Daisy Wheel 3.0, enabling fully automated color mixing for the first time for its customers across Europe, the Middle East and Africa (EMEA). Daisy Wheel, a 100% fully-automatic mixing machine, […]
Polish Insurer PZU Selects Solera AI-Estimating Solution
Solera Holdings, Inc. today announced that PZU SA, the leading Polish insurer and the largest financial group in Central and Eastern Europe, has successfully implemented Solera’s next-generation Artificial Intelligence (AI) estimating software, Qapter, standardizing claims handling process according to PZU business rules. Processing around 500,000 automotive claims every year, PZU relies on a team of […]
PPG Completes Acquisition Wörwag
PPG (NYSE: PPG) has completed its previously announced acquisition of Wörwag, a global manufacturer of coatings for industrial and automotive applications. The company specializes in developing sustainable liquid, powder and film coatings and operates locations in Germany, the U.S., China, South Africa, Mexico, Spain, Switzerland and Poland, with headquarters in Stuttgart, Germany. Founded in 1918, […]
PPG Acquires Automotive Coatings Manufacturer Cetelon
PPG (NYSE: PPG) today announced that it has acquired Cetelon Lackfabrik GmbH, a manufacturer of coatings for automotive and light truck wheel applications. Financial details of the transaction were not disclosed. Cetelon develops and manufactures a wide range of coating systems for the wheel industry, including certain proprietary technologies. It operates production and sales offices […]
Copart Adds New Location in Spain
Copart, Inc. (NASDAQ:CPRT) announced the addition of a new location in Mallorca, Spain. The facility is in the Balearic Islands of the Mediterranean. “We are thrilled to open Copart’s seventh facility in Spain, to serve our customers,” said Spain Managing Director Santiago Zamit.
Switzerland-Based AMAG Group and Solera Partner on AI-based Claims Estimating
Solera | Audatex today announced a collaboration with AMAG Import AG, the Switzerland-based mobility provider, to test its Artificial Intelligence (AI)-based claims estimating solution Qapter Intelligent Estimating. Following the initial pilot, the partners plan to assess the extent to which the solution can efficiently optimize accident claims recognition and reduce complexity. “At the AMAG Group, […]
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