Bristol-headquartered Mobile Windscreens Limited, which trades as National Windscreens, has been acquired by vehicle glass repair and replacement specialist in Scandinavia, Ryds Bilglas AB.
Mobile Windscreens was established by George Douglas in 1971 and last year revenues exceeded £40m. It is a large member of the National Windscreens consortium – which is the second largest specialist in the UK VGRR market.
Operating at 35 fitting centres, with a fleet of over 230 mobile units, Mobile Windscreens offers vehicle glass repair and replacement services, and ADAS camera re-calibration across the South West, South and West Midlands under the brand of National Windscreens, a consortium with 13 members operating across all of the UK, being the second largest VGRR player in the market.
Ryds Bilglas, backed by Nordic Capital Fund VIII, is a leading VGRR and ADAS recalibration business across Scandinavia.
The acquisition of Mobile Windscreens will provide strong UK presence and is part of the business’ drive to grow internationally.
All management, except for retiring founder and principal shareholder George Douglas, and staff of Mobile Windscreens Limited will remain in their positions, maintaining continuity throughout the business’ next phase of growth.
The Bristol offices of Grant Thornton and TLT LLP supported the shareholders at all stages of the sale and project managing the process.
George Douglas, Founder and principal shareholder, Mobile Windscreens Limited said: “Having founded Mobile Windscreens over 45 years ago, this deal is a momentous milestone for the business, management and employees. We worked with our advisers for some time to select a new owner that shared our values and vision for the continued growth and success of Mobile Windscreens and National Windscreens and we found that in Ryds Bilglas.
“I am very proud of what we have achieved, which was only possible through the dedication and enthusiasm of the management team and all the staff, past and present and I know I leave the business in exceptional hands under the stewardship of Phil Lomas and the rest of the Mobile Windscreens’ Board. I wish the team, employees and business’ new owners the very best for the future.”
Anders Jensen, CEO, Ryds Bilglas commented, “We are a market leader in Scandinavia, but entering the UK is a major and important step for us in our continued growth journey. Mobile Windscreens and National Windscreens stands for high quality, continuous development and very satisfied customers, just the same core values as we have in Ryds Bilglas. It makes the acquisition a perfect match and we look forward to getting started working with the company as soon as possible.”
Andrew Charter, Associate Director at Grant Thornton added: “The new working relationship between Mobile Windscreens and Ryds Bilgas has created an exciting platform for future growth and we look forward to helping them deliver this.”
The Grant Thornton Corporate Finance team comprised of Wendy Hart, Andrew Charter, Nick Jones and Louise Kezilas, with pension advisory led by Kevin Hollister.
The team from TLT LLP was led by John Wood and James Webb with support provided by Holly Evans (Corporate), Chris Crighton (Pensions) and Mark Braude (Corporate Tax).