(RTTNews) - XPEL, Inc. (XPEL), a provider of protective films and coatings, on Monday said it acquired invisiFRAME, Ltd., a provider of custom-tailored bicycle frame protection kits.
invisiFRAME is expected to add over $2.7 million in incremental annual revenue and is anticipated to be immediately accretive to the acquirer's 2021 results of operations, the Texas-headquartered XPEL said in a statement.
With one of the largest custom bicycle pattern libraries in the world, invisiFRAME's business model is well-suited to complement and leverage XPEL's existing sales channels inclusive of its global network of independent dealers and installers, XPEL added.
invisiFRAME, primarily sells direct-to-consumer through its website and also directly supplies bicycle shops across the UK, Europe, Australia, and the U.S.
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