Cary Group | Investments | Nordic Capital
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Cary Group

Vehicle Glass Repair and Replacement

Cary Group is a European market leader specialising in sustainable solutions for repair and replacement of vehicle glass, with a complementary offering in auto body repair.

Company Background

  • A market leader in the Nordics with a growing presence in Europe.
  • Sustainable business model based on the aim to repair instead of replace.
  • Rapidly growing demand for vehicle glass repair and replacement in Europe.

Vision & Outlook

  • Support Cary Group’s continued growth strategy through further investments and consolidation of the European market.
  • Continue to provide care services that sustain the life, value and safety feature of motorized vehicles in a sustainable way.

Highlights & Updates

  • Joint P2P offer by Nordic Capital and CVC Funds completed in 2022.
  • Acquisition of Charles Pugh Ltd – to strengthen its UK market position in 2022.
  • Commitment to set targets in line with the Science Based Targets initiative, underlining Cary Group's determination to reduce greenhouse gas emissions.
  • In 2023, Cary Group announced an agreement to acquire the Belgian companies Autoglass Clinic and Touring Glass, both operating in Vehicle Glass Repair and Replacement. The acquisitions, part of the Group’s European consolidation journey, will create a strong platform in the Belgian market after the two companies have been integrated. The joint company will operate under the brand name Autoglass Clinic.
Cary Group Green White Background

SECTOR

Services & Industrial Tech

REVENUES 2023

EUR 440 million

EMPLOYEES

2,530

OWNERSHIP

Fund XI

INVESTMENT DATE

2022

HEAD OFFICE

Stockholm, Sweden

MANAGEMENT

Anders Jensen

CEO

Joakim Rasiwala

CFO

CHAIRPERSON

Patrik Andersson

RESPONSIBLE ADVISOR

Andreas Näsvik

Partner | Head of Services & Industrial Tech | Head of Sweden

Nordic Capital's Industrial & Business Services focus

Nordic Capital is a leading Industrial & Business Services investor in the Nordics, with particular experience in Business Services and Manufacturing. We invest selectively in companies that benefit from robust underlying growth trends and an expanding market position.

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