Oct 17th 2013 - Edison Investment Research today published a report on Solera entitled "SRS Adds Core Strength And Diversification". In summary, the report says:
Solera's proposed acquisition of a 50% stake in SRS provides diversification into mechanical repair and service, and strengthens the core Audatex business where the damage and mechanical repair industries converge. The multiple paid reflects the strategic value to Solera, but the deal is accretive, while sales and cost synergies create a clear pathway to deliver value. We upgrade 2014 and 2015 EPS by 9% and 14%. If headwinds within Europe continue to ease, we could see scope for more. This could be a catalyst for the shares to break the $60 barrier.
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