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.

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