Industry: Vehicle Glass Repair and Replacement
Investment Type: Buy-out
ExpressGlass Group, composed of ExpressGlass and DiverAxial companies, is one of the main Portuguese players in the vehicle glass repair and replacement (VGRR) sector, a mature and resilient market. Established in 2002, the Group is active through a network of over 80 stores (owned and partner), allowing it to have national coverage (including Madeira and Azores islands), as well as being present in the wholesale market of its products, mostly for its store network, through two warehouses (Porto and Lisbon).
The investment strategy is focused in securing and reinforcing the Group’s privileged position in the sector and benefiting from the economic recovery impact on its turnover. Emphasis will also be put on implementing operational improvements in order to maximize the Group’s efficiency.
ExpressGlass Group had a consolidated turnover of circa Eur 18 Mn in 2016 and had the support of 109 employees.