XPEL Acquires U.K. Based invisiFRAME Ltd.
01 Novembre 2021 - 1:30PM
Business Wire
Expands Market Reach Providing Protective
Film Kits for Bicycles
XPEL, Inc. (Nasdaq: XPEL) (the “Company”), a
global provider of protective films and coatings, today announced
the acquisition of invisiFRAME, Ltd., a leading provider of
custom-tailored bicycle frame protection kits based in the United
Kingdom.
invisiFRAME, primarily sells direct-to-consumer through its
website and also directly supplies bicycle shops across the UK,
Europe, Australia and the U.S. With one of the largest custom
bicycle pattern libraries in the world, invisiFRAME’s business
model is well-suited to complement and leverage XPEL’s existing
sales channels inclusive of its global network of independent
dealers and installers.
Robert Bezner, Vice President, Brand of XPEL, stated,
“invisiFRAME has set the bar for the design and distribution of
bike protection kits and has built a strong following for its
brand. As we continue to evolve and expand our reach to new
consumer targets, we’ve seen a significant crossover between bike
and car enthusiasts. We’ve supplied invisiFRAME with XPEL
protection films for years and look forward to leveraging our
global scale to address the growing worldwide demand for bike
protection.”
invisiFRAME is expected to add over $2.7 million USD in
incremental annual revenue and is anticipated to be immediately
accretive to the Company’s 2021 results of operations.
About XPEL, Inc.
XPEL is a leading provider of protective films and coatings,
including automotive paint protection film, surface protection
film, automotive and commercial/residential window films, and
ceramic coatings. With a global footprint, a network of trained
installers and proprietary DAP software, XPEL is dedicated to
exceeding customer expectations by providing high-quality products,
leading customer service, expert technical support and world-class
training. XPEL, Inc. is publicly traded on Nasdaq under the symbol
“XPEL”.
Safe harbor statement
This release includes forward-looking statements regarding XPEL,
Inc. and its business, which may include, but is not limited to,
anticipated use of proceeds from capital transactions, expansion
into new markets, and execution of the company's growth strategy.
Often, but not always, forward-looking statements can be identified
by the use of words such as "plans," "is expected," "expects,"
"scheduled," "intends," "contemplates," "anticipates," "believes,"
"proposes" or variations (including negative variations) of such
words and phrases, or state that certain actions, events or results
"may," "could," "would," "might" or "will" be taken, occur or be
achieved. Such statements are based on the current expectations of
the management of XPEL. The forward-looking events and
circumstances discussed in this release may not occur by certain
specified dates or at all and could differ materially as a result
of known and unknown risk factors and uncertainties affecting the
company, performance and acceptance of the company's products,
economic factors, competition, the equity markets generally and
many other factors beyond the control of XPEL. Although XPEL has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results to differ from those
anticipated, estimated or intended. No forward-looking statement
can be guaranteed. Except as required by applicable securities
laws, forward-looking statements speak only as of the date on which
they are made and XPEL undertakes no obligation to publicly update
or revise any forward-looking statement, whether as a result of new
information, future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20211101005203/en/
Investor Relations: John Nesbett/Jennifer Belodeau IMS Investor
Relations Phone: (203) 972-9200 Email:
jnesbett@institutionalms.com
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