XPEL Technologies Corp. has announced the acquisition of certain assets of Connectin Europe B.V. and the concurrent establishment of XPEL B.V., in Tilburg, Netherlands, to serve as a sales, distribution, training and design center in mainland Europe for automotive paint protection film, headlight protection film, automotive window film and related products.
XPEL’s automotive paint and headlamp protection films offer more than 70,000 vehicle-specific applications and a worldwide network of trained installers.
Ryan Pape, president and CEO of XPEL, commented, “Connectin has been a long-term partner for XPEL and this acquisition is a natural next step to further strengthen our presence in Europe and advance our strategy to get close to our end customers in key international markets. This acquisition complements our existing U.K. facility and broadens our footprint, capabilities and brand recognition in the strategically important European market.”
XPEL says it sees Europe as important to the company’s long-term growth as the manufacturers of a majority of the cars that XPEL’s products protect are located on the continent.
Pape continued, “We believe the addition of our Netherlands operation will enable us to better leverage our existing relationships with dealerships and other distribution partners across Europe to grow market share and broaden awareness of the XPEL brand.”
Terms of the acquisition were not disclosed.
