Belron, the vehicle glass repair and replacement group that owns Safelite, said Sept. 30 it has completed the acquisition of its franchise businesses in Poland and the Czech Republic from AGC Inc., the global glass and materials company. Financial terms were not disclosed. The two businesses, which AGC operated as Belron franchisees, total 52 branches. […]
LKQ Corporation to Sell Elit Polska in Poland to MEKO AB
LKQ Corporation (Nasdaq: LKQ) announced that it has entered into a definitive agreement to sell Elit Polska, a Poland-based distributor of automotive parts, consumables and workshop equipment to MEKO AB. The transaction is expected to be completed during the second half of 2024 and is subject to customary closing conditions and necessary regulatory approvals. Elit […]
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 […]
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 […]
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 […]