Livingstone advised Cary Group AB on the acquisition of 75% of the Headquarters Autoglas GmbH as exclusive M&A advisor. Central Autoglas is a market-leading provider of repair and exchange solutions in the field of mobile glazing for buses, trucks, and mobile homes in Germany. The company has over 200 employees at 25 locations in Germany, Austria, and Luxembourg.
Cary Group is a leading provider of automotive glass repair and replacement solutions, providing sustainable automotive services in Sweden, Denmark, Norway, UK, Spain, and now Germany. Founded in 1947 in Sundsvall, Sweden, the Cary Group has grown to become the market leader in the Nordic countries with a growing presence in Europe. Cary Group has 520 workshops and around 400 mobile units in Scandinavia, Great Britain, and Spain.
Central Autoglas was founded in 1988 and is based in Melle, Lower Saxony. The company specializes in the replacement and repair of bus and mobile home glass and is the largest provider in the German market in this segment. The company also offers solutions for trucks and cars and has developed its own lightweight glass, which is manufactured in various shapes. The company has 23 workshops throughout Germany, one workshop in Austria and one in Luxembourg, as well as mobile units for emergency assistance. In 2020, it achieved sales of over 27 million euros. With over 30 years of experience in this field, high-quality services, and reliability, Central Autoglas has built a strong brand and lasting customer relationships.
Ralph Hagelgans, Partner at Livingstone Partners, commented, “We are delighted to have assisted Cary Group in finding a strategic solution to enter the German market to help realize their pan-European expansion plans. The German market for glass repairs and replacements has grown steadily in recent years. Together with Zentrale Autoglas and its experienced management team, the Cary Group takes the opportunity to expand existing markets and open up new business areas. “