Business
XPEL Acquires U.K. Based invisiFRAME Ltd.
Expands Market Reach Providing Protective Film Kits for Bicycles SAN ANTONIO--(BUSINESS WIRE)-- XPEL, Inc. (Nasdaq: XPEL) (the “Company”), a global provider
About this update from Xpel, Inc.
[{"type":"text","content":"\nExpands Market Reach Providing Protective Film Kits for Bicycles\n\n SAN ANTONIO--(BUSINESS WIRE)--\n\nXPEL, 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.\n\ninvisiFRAME, 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.\n\nRobert 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.”\n\ninvisiFRAME 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.\n\nAbout XPEL, Inc.\n\nXPEL 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”.\n\nSafe harbor statement\n\nThis 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 \"pla...