Nordic Capital-backed Cary Group completed the acquisition of Ralarsa.

Nordic Capital-backed Cary Group, a provider of car care solutions, completed the acquisition of Ralarsa, a company in the automotive sector, specialized in repairing and replacing glass for all types of vehicles. Financial terms were not disclosed. “I am pleased to welcome yet another strong and well-appreciated brand to Cary Group. With the same set of values deriving from its history of a family-owned company and strong relationships with insurance providers, a leading market position and a profitability in line with Cary Group’s, Ralarsa is a logical addition to our business and our way of working. The Spanish market for vehicle glass repair, replacement and calibration is an important part of the European market with a strong growth outlook for the coming years, driven by a growing car fleet, increased mileage per car and increased complexity of windscreens driving the need for calibration. The acquisition of Ralarsa constitutes a great step in expanding our footprint in Europe and brings a solid platform for further acceleration of our pan-European expansion,” Anders Jensen, Cary Group CEO.