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Solera acquires Menaelect S.A.

Solera Holdings announced that it has acquired 100% of the outstanding shares of Mensaelect S.A. Mensaelect's proprietary, web-based solution is currently used by more than 14,000 repair shops located throughout Spain. The Solera companies in Spain will leverage Mensaelect's capabilities and client portfolio to extend the power and reach of the Spanish core platform.