FTC orders Solera Holdings to shed assets

Oct 28, 2013 | 08:23 AM | Rey Mashayekhi

Tags  scrap, auto recycling, Federal Trade Commission, FTC, Solera Holdings, Actual Systems of America, ASA Holdings, scrapyard management system anti-competitive

NEW YORK — The Federal Trade Commission (FTC) has approved a final order that requires scrapyard management systems provider Solera Holdings Inc. to divest its stake in former competitor Actual Systems of America Inc. for anti-competitive reasons.

Westlake, Texas-based Solera purchased Aurora, Colo.-based Actual Systems, as well as joint businesses Actual Systems U.K. Ltd. and Beech Systems Ltd., for $8.7 million in May 2012. The FTC ruled in July that the deal, which resulted in the merger....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results