In order to consolidate its ARG activity (automotive replacement glass) in Denmark, AGC Automotive Europe is acquiring the distribution activities of the Dan-Glas company (Denmark). Located in Vibörg (Jutland region), Dan-Glas used to be a customer of AGC Automotive Europe and is specialised in distribution of premium brand windshields. It generated a turnover of € 2.8 million in 2016.
This acquisition is complementary in geographical terms to the existing network of NordGlass Denmark which was taken over by AGC in late 2015. It will therefore reinforce AGC position in Denmark.
The fitting activities of Dan-Glas are not part of the transaction.
The acquisition has become effective in January 2017.