XPEL Acquires invisiFRAME For Undisclosed Sum

by Shivani Kumaresan, Benzinga Staff Writer

November 1, 2021 4:25 PM | 1 min read |

XPEL Inc XPEL has agreed to acquire invisiFRAME Ltd, a provider of custom-tailored bicycle frame protection kits in the U.K., for an undisclosed sum.
invisiFRAME primarily sells direct-to-consumer through its website and also directly supplies bicycle shops across the U.K, Europe, Australia, and the U.S.
"As we continue to evolve and expand our reach to new consumer targets, we've seen a significant crossover between bike and car enthusiasts," said Robert Bezner, VP, Brand of XPEL.
XPEL expects invisiFRAME to add over $2.7 million in incremental annual revenue and be immediately accretive to the 2021 results of operations.
XPEL held $8.7 million in cash and equivalents as of June 30, 2021.
Price Action: XPEL shares closed higher by 4.64% at $79.42 on Monday.

Posted In:

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.