Article date: 19 December 2008
Aviva plc ("Aviva") today announces that it has sold HPI Limited ("HPI") to Solera Holdings Inc. The gross assets of the business, which is the leading provider of vehicle checking services in the UK, totalled £112 million as at 31 October 2008.
Aviva acquired HPI in 2004. The company has a comprehensive database of UK vehicles, offering customers a variety of services including vehicle identity and keeper checks; mileage verification; finance status and valuation.
Aviva's UK general insurance CEO, Igal Mayer, said: "This sale is part of our on-going programme to transform our UK general insurance business through an increased focus on our core insurance and vehicle breakdown activities, allowing us to provide a first-rate service to our customers. I'm pleased that we'll continue to have a long-term contractual relationship with HPI - the company will provide us with vehicle checks and act on our behalf as an introducer of motor insurance to its customers."
Vanessa Rhodes, senior group media relations manager
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Sue Winston, head of media relations
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James Murgatroyd/Ed Simpkins, Finsbury
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Charles Barrows, investor relations director
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Jessie Burrows, head of investor relations
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Susie Yeoh, investor relations manager
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Notes to editors:
Aviva is the leading provider of life and pension products in Europe with substantial positions in other markets around the world, making it the world's fifth largest insurance group based on gross worldwide premiums at 31 December 2007.
Aviva's principal business activities are long-term savings, fund management and general insurance, with worldwide total sales of £49.2 billion at 31 December 2007 and funds under management of £359 billion at 30 June 2008.
The Aviva media centre at www.aviva.com/media includes images, company and product information and a news release archive.
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HPI has sites in Salisbury and Harrogate and employs around 180 people.
This sale follows the announcement of the agreement to sell Auto Windscreens to Arques Industries AG.
Solera Inc is an integrated group of automobile claims solutions companies, based in San Diego. In the UK, the company trades as Audatex.