Solera inks buy of Pittsburgh Glass Works unit

Pittsburgh Glass Works, which is backed by Kohlberg & Company, has agreed to sell its Insurance & Services business unit (“I&S”) to Solera Holdings. Financial terms weren’t announced. I&S consists of LYNX Services, GTS Services, and GLAXIS. The unit provides services such as clams management, call center and software for glass retailers. Goldman Sachs acted as financial advisor to PGW.

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