Fleet News

EurotaxGlass’s bought for £326.3m

CANDOVER, a European buyout specialist, has acquired EurotaxGlass’s for €480 million (£326.2m).

Under the terms of the acquisition, the EurotaxGlass’s business, spread across 28 countries in Europe, will continue to be led by the existing management team under CEO Kevin Gaskell.

'This agreement opens up an exciting new chapter for EurotaxGlass’s, allowing us to continue our investment in product development and explore opportunities to build on our international presence,' said Gaskell.

'Candover is committed to supporting the existing management structure – both at a group and national level – and will give us the resources we need to maintain our track record of delivering continued year-on-year organic growth,' he said.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee