AGC Automotive Europe acquires Dan-Glas (Denmark), active on the automotive replacement glass market
In order to consolidate its ARG activity (automotive replacement glass) in Denmark, AGC Automotive Europe is acquiring the distribution activities of the Dan-Glas company (Denmark). Located in Vibörg (Jutland region), Dan-Glas used to be a customer of AGC Automotive Europe and is specialised in distribution of premium brand windshields. It generated a turnover of € 2.8 million in 2016.
This acquisition is complementary in geographical terms to the existing network of NordGlass Denmark which was taken over by AGC in late 2015. It will therefore reinforce AGC position in Denmark.
The fitting activities of Dan-Glas are not part of the transaction.
The acquisition has become effective in January 2017.
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AGC Automotive Europe
Based in Louvain-la-Neuve (Belgium), AGC Automotive Europe is a member of AGC Glass Europe, which in turn is the European branch of AGC Group. The AGC Group, with Tokyo-based Asahi Glass Co., Ltd. at its core, is a world-leading supplier of flat, automotive and display glass, chemicals and other high-tech materials and components. AGC Automotive Europe specializes in production of windows (OEM and replacement) for vehicle manufacturers. It also provides ready-to-assemble systems (fixation devices), higher value added functional systems (antennas, sensors, heating elements) and enhanced property glazing (improved thermal, sound and vision comfort).
With headquarters and distribution warehouse based in Viborg (Jutland), Dan-Glas was established in 1986. The company combines distribution and fitting of automotive replacement glass. It has eight of its own branches covering the Danish market.
The company employs around 35 people, with sales of around 25,000 windshields per year. More information in Danish on www.danglas.dk