Carglass® announced the sale of its automotive bodywork activities in Belgium, Carglass® Carrosserie, to Standard Investment.
The sale follows a strategic review by Carglass® parent company, Belron®, which determined that the auto body business is not internationally scalable.
The complexity of this market is marked by local differences and the high number of auto parts limits the achievement of economies of scale. For these reasons, the directors of Belron have decided to divest all of their auto body business and focus solely on the repair and replacement of vehicle glass.
Carglass® Carrosserie employs 461 people and manages 17 bodywork centers across the country.
In Belgium, Carglass® has found a partner in the person of Standard Investment which will take over the bodywork activities from June 4, 2021 under the new brand AutoRepairGroup.be. Standard Investment has a strong ambition for growth and understands that customer satisfaction is an important part of service. The investment group will also be able to count on the current team of 461 experts who are making the transition.