SAN ANTONIO, Texas--(BUSINESS WIRE)--XPEL Technologies Corp. (TSXV:DAP.U) has announced the acquisition of certain assets of Connectin Europe, B.V. and the concurrent establishment of XPEL B.V., in Tilburg, Netherlands to serve as a sales, distribution, training and design center in mainland Europe for automative paint protection film, headlight protection film, automotive window film and related products.

Ryan Pape, President and Chief Executive Officer of XPEL, commented, “Connectin has been a long-term partner for XPEL and this acquisition is a natural next step to further strengthen our presence in Europe and advance our strategy to get close to our end customers in key international markets. This acquisition complements our existing U.K. facility and broadens our footprint, capabilities and brand recognition in the strategically important European market.”

Europe is recognized as the epicenter of luxury car production and important to the long-term growth of XPEL as the manufacturers of a majority of the cars that XPEL’s products protect are located on the continent.

Mr. Pape continued, “We believe the addition of our Netherlands operation will enable us to better leverage our existing relationships with dealerships and other distribution partners across Europe to grow market share and broaden awareness of the XPEL brand.”

Terms of the acquisition were not disclosed.

About XPEL Technologies Corp.

XPEL is the leading supplier of automotive paint and headlamp protection films with over 70,000 vehicle-specific applications and a worldwide network of trained installers. XPEL is the developer of the Design Access Program software, and manufacturer of XPEL™ Automotive Paint and Headlamp Protection Products. XPEL has forged the cutting-edge of automotive protection technology, and leads the industry in quality, technical support and customer service.

Additional information can be found on the Company's website at www.xpel.com.