Closing successfully facilitated the sale of ICOR Group to private investors Ferdinand de Roubaix and Gauthier van der Straten, enhancing their presence in the global automotive aftermarket.

Information on the Target

ICOR Group, headquartered in Wavre, is a prominent player in the global automotive aftermarket, specifically in the distribution of windshield-related products. With over 30 years of industry experience, ICOR has established itself as a leader in its sector, demonstrating significant expertise and a well-recognized brand presence. The company operates in over 60 countries, with international sales representing more than 84% of its revenue, highlighting its strong export orientation.

This strategic acquisition positions ICOR to leverage its extensive market experience and global distribution network, enabling further growth and innovation within the automotive parts sector.

Industry Overview in the Target’s Specific Country

The automotive aftermarket in Belgium has shown resilience and consistent growth in recent years, driven by an increase in vehicle ownership and a growing focus on vehicle maintenance.