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, […]
LKQ Opens Central Distribution Center in the Netherlands
After a construction time of just one year, LKQ Fource has opened a new 50,000 square meter (538,000 sq. ft.) warehouse that will play an important role as a part of LKQ’s European logistics footprint. “Our principle regarding parts availability is ‘Logistics without Borders’ to seamlessly serve our customers. Digitalization gives us the opportunity to […]
Polish Insurer PZU Partners with Tractable for AI Auto Damage Analysis
PZU, the largest financial institution in Central and Eastern Europe, is using artificial intelligence (AI) to enhance how it reviews its car insurance claims across Poland. PZU handles nearly 500,000 motor damage claims per year. Before implementing AI, Poland’s largest insurer was performing a detailed review of around 20% of its motor claims that are […]
EU Passenger Car Registrations Up Over 3% in September Compared to Last Year
Even with increase, for the first nine months registrations are down nearly 30%. In another sign of an improving global automotive economy, in September the EU passenger car market registered the first increase of the year compared to 2019. Registrations grew by 3.1% last month to reach 933,987 new cars sold across the European Union. […]
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