Belron acquires Mobilglas Denmark for $6 million

Glass Magazine
November 20, 2008

D'Ieteren officials announced Nov. 17 that Belron has completed the acquisition of Mobilglas Denmark, the second largest auto glass repair and replacement specialist in the Danish market, for about $6 million.

Officials also noted that challenging conditions in and outside Europe reduced the size of the vehicle glass repair and replacement markets this year.

"Year-to-date, Belron's reported sales growth was around 7 percent, consisting of 6 percent organic and 7 percent acquired growth, offset by a 6 percent adverse currency impact, mainly due to the weak Sterling and U.S. dollar against the Euro," according to the D'Ieteren statement.

"Outside Europe...year-to-date, sales growth amounted to around 12 percent, of which 16 percent was attributable to the acquisitions in the United States of Safelite Group and Diamond Glass," it continued.