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D’Ieteren is exploring the potential to bring a minority partner into Belron

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2 May 2017 - Group

As part of the regular review of its strategic options, D’Ieteren has decided to look for a minority partner in Belron, the world leader in vehicle glass replacement and repair. D’Ieteren’s aim is to remain the majority shareholder while strengthening its investment capacity. The choice of a partner for Belron will be based on several criteria, including a compatibility with Belron’s company culture, an alignment with its long-term vision and the financial terms of the partnership.

A partial sale of Belron shares to a minority partner would allow D’Ieteren to broaden its activities and pursue its long-term strategy which aims to invest in other activities with high growth potential.

Belron’s management is fully aligned with this potential transaction which is consistent with Belron’s strategic vision. D’Ieteren will continue to provide full support to Belron’s development, both in the vehicle glass repair and replacement market and in the ongoing search for new services. There is however no guarantee that this process will lead to a transaction and D’Ieteren considers itself under no obligation to proceed with such a transaction. Neither does it intend to comment on possible market rumours nor provide insight into the progress of the process.

D’Ieteren is advised by Goldman Sachs International and J.P. Morgan Limited.

End of press release

Group profile

In existence since 1805, and across family generations, D’Ieteren seeks growth and value creation by pursuing a strategy on the long term for its businesses and actively encouraging and supporting them to develop their position in their industry or in their geographies. The group has currently three activities articulated around strong brands:

  • D'Ieteren Auto distributes Volkswagen, Audi, SEAT, Škoda, Bentley, Lamborghini, Bugatti, Porsche and Yamaha vehicles in Belgium. It is the country's number one car distributor, with a market share of around 22% and 1.2 million vehicles on the road at the end of 2016. Sales and adjusted operating result reached respectively EUR 3.1 billion and EUR 75.8 million in FY 2016.
  • Belron (94.85% owned) makes a difference by solving people’s problems with real care. It is the worldwide leader in vehicle glass repair and replacement, trading under more than 10 major brands including Carglass®, Safelite® AutoGlass and Autoglass®. In addition, it manages vehicle glass and other insurance claims on behalf of insurance customers. Belron is also expanding its services to focus on solving problems for people who need assistance with repairs to their vehicles. Sales and adjusted operating result reached respectively EUR 3.3 billion and EUR 190.7 million in FY 2016.
  • Moleskine (100% owned) is a premium and aspirational lifestyle brand which develops and sells iconic branded notebooks and writing, travel and reading accessories through a multichannel distribution strategy across 102 countries. Sales and operating result reached respectively EUR 145.2 million and EUR 34.0 million on a stand-alone basis in FY 2016.


Axel Miller, Chief Executive Officer

Arnaud Laviolette, Chief Financial Officer

Pascale Weber, Financial Communication - Tel: + 32 (0)2 536.54.39

E-mail: – Website:

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