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Tag Archives: Carglass
Belron, parent company of Safelite, in partnership with L Marks, announced recently that it plans to run its “Drive with Belron” startup accelerator program for a third year. The program, which accepts applicants from six continents including North America, is … Continue reading
“All cars now are going to have these Advanced Driver Assistance Systems [ADAS] and if you don’t get the calibration right, it has pretty serious consequences and so we are obviously speaking to insurance companies around the world. We are now equipped worldwide to be able to deliver ADAS calibration,” said Gary Lubner, CEO of Belron during an investor day conference for D’Ieteren held last week in London. D’Ieteren is parent company to Belron and United States-based Safelite.
After an annual review of goodwill and intangible assets by D’Ieteren, it is reporting a non-cash impairment charge for Belron of $121.9 million USD (€98 Euros), which “will be necessary in relation to the activities of Belron in the United Kingdom and in China.”