XPEL to Acquire FILMWRAPS

November 2nd, 2021 by Chris Collier

XPEL, Inc., a global provider of protective films and coatings, has announced it had acquired North 1 Technologies, the company that runs FILMWRAPS. XPEL also plans to integrate the pattern library and portions of the software into its Design Access Program (DAP).

XPEL says that FILMWRAPS will continue to run as-is, with no other changes planned, until the transition. The move comes after the company acquired five businesses in the United States and Canada from two sellers on October 1. The combined purchase price of these acquisitions is approximately $20.1 million (USD) and is subject to customary adjustments, including working capital adjustments.

Recent Acquisitions:

Shadow Shield: A distributor of paint protection film (PPF) and window film to customers in Canada with locations in Calgary, Alberta and Mississauga, Ontario.

Shadow Tint: An installer of paint protection and window film operating in Calgary, Alberta.

North 1 Technologies: A software company providing software and patterns for cutting paint protection film to customers around the world under the FilmWraps brand.
In the United States:

One Armor: An installer of paint protection and window film in Phoenix, Ariz.

Tint Net: A high-volume installer of automotive window film providing on-site service serving mostly mid-range new car dealerships in Arizona.

According to XPEL, there will be further details on FILMWRAPS’ integration with the DAP program.

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