Belgian specialist in vehicle glass Belron has acquired its German competitor Junited Autoglas for an undisclosed fee. The new acquisition is the second biggest company on the German market... trailing another Belron subsidiary, Carglass.
Second acquisition in short period
Only a month after its acquisition of the Dutch Autotaalglas company, the D'Ieteren subsidiary adds another company with vehicle glass experience to its portfolio. Belron, part of the listed car distributor D'Ieteren (VW, Audo & Co), has bought German Junited Autoglas.
Junited Autoglas' German franchise network has 238 service points, which generate 35.4 million euro in turnover. Carglass on the other hand has more than 300 stores, but it does not divulge separate turnover numbers. Similar to its Dutch acquisition, the German brands will co-exist after the purchase.
Belron is currently active in 34 countries, with a 2.9 billion euro turnover in 2014.