Cary Group (Ryds Bilglas)

Business Description

Cary Group is a leading vehicle glass repair and replacement provider offering sustainable car care solutions in Sweden, Denmark, Norway, UK and Spain.

The company was founded in Sundsvall, Sweden by the Ryd family in 1947. Today, Cary Group has grown to become a market leader in the Nordics with a growing presence in Europe with over 520 workshops and circa 400 mobile units in Scandinavia, UK and Spain, with brands such as Ryds Bilglas, Svenska Bussglas, Mobile Windscreens, Crashpoint, Cary and Ralarsa. The European market for vehicle glass repair and replacement is rapidly growing as a result of a new generation of cars with more glass surface, more technical safety features and an increased number of kilometers driven.

Cary Group honours its heritage with a sustainable business model based on the aim to repair instead of replace, providing car care services that sustain the life, value and safety feature of motorized vehicles. The Company provides services at convenient locations, with high quality, superior customer experience and smart solutions.

Nordic Capital’s aim is to support Cary Group’s continued growth strategy through further investments to strengthen its organisation, commercial excellence work, international expansion and operational improvements to enable sustainable car care.

Cary Group was listed on the Nasdaq Stockholm exchange in September 2021. Nordic Capital remains a significant shareholder in the company with approximately 30% of the shares (as per September 2021).

Sector

Industrial & Business Services

Key Information

Revenues 2020*

EUR 210 million

Employees

1400

Ownership

Nordic Capital Fund VIII, controlling shareholding

Head office

Huddinge, Sweden

Investment date

2018

*2020 revenues pro forma for add-ons completed as of August 2021.