M&A Deal Summary

RAC Acquires Auto Windscreens

On March 30, 2001, RAC acquired automotive company Auto Windscreens for 112M GBP

Acquisition Highlights
  • This is RAC’s 1st transaction in the Automotive sector.
  • This is RAC’s largest (disclosed) transaction.
  • This is RAC’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2001-03-30
Target Auto Windscreens
Sector Automotive
Buyer(s) RAC
Deal Type Add-on Acquisition
Deal Value 112M GBP

Target

Auto Windscreens

Chesterfield, United Kingdom
Auto Windscreens is a brand well known to UK drivers and provides automotive glass repair and replacement services throughout the UK and Eire. In addition to cars, the business extends to replacing glass in plant and commercial vehicles and also provides a nationwide service of replacing stolen audio units.

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Buyer(S) 1

Buyer

RAC

Walsall, United Kingdom
Category Company
Founded 1897
Sector Consumer Services
Employees3,500
Revenue 498M GBP (2014)
DESCRIPTION

RAC is an motoring organization offers roadside assistance to around 8.6 million members if their vehicles suffer a mechanical failure, fixing 80% of issues at the roadside. If the issue can’t be resolved then members will be offered a tow to a destination of the member’s choice. RAC is also an insurance broker, offering car, home, motorcycle and van and other specialist insurance using a panel of third-party underwriters to roadside members and non-members. RAC was founded in 1897 and is based in Walsall, United Kingdom.

DEAL STATS #
Overall 1 of 2
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (United Kingdom) 1 of 2
Year (2001) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-02 Nebula Systems

Buckingham, United Kingdom

Nebula Systems Ltd. is a developer of secure, cloud-based, vehicle data analytics platform that accesses the vast and unexploited data generated by modern vehicles.

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