ExpressGlass strengthens its presence in Portugal through the acquisition of Newcar
ExpressGlass, a leading actor in windscreen repair and replacement, strengthens its position in Portugal with the acquisition of Newcar, active in vehicle glass repair and replacements with a network of 32 workshops across Portugal.
"The acquisition of Newcar is an important part of strengthening ExpressGlass presence and network in important locations in Portugal. The quality of the service of the technicians in Newcar has a high standard and we believe Newcar is of a great cultural fit to ExpressGlass", says Joana Marques, CEO of ExpressGlass.
Newcar was founded by Luis Oliveira and Nuno Mendonça in 1998 and is now led by Managing Director Antonio Nunes, who will play a key role in supporting ExpressGlass during this transitional period.
As of today, ExpressGlass has 88 workshops, of which 47 owned and 41 franchisees. With the acquisition of Newcar, the number of workshops will amount to 120.
Cary Group's acquisition strategy focuses on platform acquisitions to enter new geographic markets, add-on acquisitions to strengthen its presence in existing markets, and smaller acquisitions to improve its footprint and achieve additional scale on a local market. Over the past four years, Cary Group has made several key platforms and add on acquisitions, which have not only increased revenue but also established Cary Group in new markets, contributing to the consolidation of the highly fragmented European Vehicle Glass Repair and Replacement market.
For more information, please contact:
Helene Gustafsson, Head of Corporate Communication, Cary Group
Tel: +46 708 684 050
Email: helene.gustafsson@carygroup.com
Joakim Rasiwala, Chief Acquisition & Integration Officer, Cary Group
Tel.: +46 702 95 50 22
Email: joakim.rasiwala@carygroup.com
About ExpressGlass
ExpressGlass is a leading brand in the Automotive Glass Repair, Replacement, and Calibration sector, recognized for its commitment to innovation, quality, and excellence in customer service. With a vast network of stores nationwide, ExpressGlass ensures fast, efficient, and professional service, always prioritizing safety and customer satisfaction.
About Cary Group
Cary Group specialises in sustainable solutions for vehicle glass repair and replacement, with a complementary offering in vehicle damage repair. With good accessibility, high-quality products and smart solutions, we help our customers make simplified and sustainable choices. We call it Smarter solutions for sustainable car care. For more information, please visit www.carygroup.com.
