Automatic Data Processing Inc. of Roseland, N.J., has agreed to settle a complaint by the Federal Trade Commission alleging that its 1995 acquisition of an auto salvage yard information service resulted in a monopoly.
The computer giant has agreed to divest the AutoInfo Inc. assets to increase competition in the salvage yard information business.
Under the settlement with the FTC, the company that eventually acquires AutoInfo also will receive an unrestricted license to use the ADP-owned Hollander Interchange.
Hollander Interchange has become the salvage yard industry's standard system for cross-indexed parts numbering.
The FTC alleged ADP's purchase of AutoInfo was part of a plan to raise prices in five markets.
ADP did not admit to wrongdoing as part of the settlement.