{"id":412141,"date":"2021-01-11T09:06:43","date_gmt":"2021-01-11T14:06:43","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=412141"},"modified":"2021-01-11T09:06:43","modified_gmt":"2021-01-11T14:06:43","slug":"xpel-acquires-veloce-innovation-a-leading-distributor-of-architectural-films","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xpel-acquires-veloce-innovation-a-leading-distributor-of-architectural-films\/","title":{"rendered":"XPEL Acquires Veloce Innovation a Leading Distributor of Architectural Films"},"content":{"rendered":"

<\/p>\n

XPEL Acquires Veloce Innovation a Leading Distributor of Architectural Films<\/b><\/p>\n

SAN ANTONIO–(BUSINESS WIRE<\/a>)–
\nXPEL, Inc. (Nasdaq: XPEL) (the “Company”), a global provider of protective films and coatings, announces the acquisition of Houston, Texas-based Veloce Innovation, a leading provider of architectural films for use in residential, commercial, marine and industrial settings. The acquisition closed on December 31, 2020.\n<\/p>\n

\nRyan Pape, President and Chief Executive Officer of XPEL, stated, \u201cWe\u2019re pleased to welcome industry veteran Harry Rahman and his team from Veloce to XPEL. Harry brings a wealth of experience, extensive knowledge and deep relationships in the architectural window film industry. We look forward to leveraging Harry\u2019s expertise to accelerate revenue generation in this key product segment for XPEL.\u201d\n<\/p>\n

\n\u201cXPEL has a premium brand and increasing recognition in the architectural film marketplace. With XPEL\u2019s vast resources and global infrastructure, I look forward to this opportunity to help drive the continued progress and strong growth of XPEL\u2019s commercial and residential window segment,\u201d commented Harry Rahman, Founder of Veloce Innovation.\n<\/p>\n

\nTerms of the acquisition agreement were not disclosed.\n<\/p>\n

About XPEL, Inc.<\/b><\/p>\n

\nXPEL is a leading provider of protective films and coatings, including automotive paint protection film, surface protection film, automotive and architectural window films, and ceramic coatings. With a global footprint, a network of trained installers and proprietary DAP software, XPEL is dedicated to exceeding customer expectations by providing high-quality products, leading customer service, expert technical support and world-class training. XPEL, Inc. is publicly traded on Nasdaq under the symbol \u201cXPEL\u201d.\n<\/p>\n

Safe harbor statement<\/b><\/p>\n

This release includes forward-looking statements regarding XPEL, Inc. and its business, which may include, but is not limited to, anticipated use of proceeds from capital transactions, expansion into new markets, and execution of the company’s growth strategy. Often, but not always, forward-looking statements can be identified by the use of words such as “plans,” “is expected,” “expects,” “scheduled,” “intends,” “contemplates,” “anticipates,” “believes,” “proposes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved. Such statements are based on the current expectations of the management of XPEL. The forward-looking events and circumstances discussed in this release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the company, performance and acceptance of the company’s products, economic factors, competition, the equity markets generally and many other factors beyond the control of XPEL. Although XPEL has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and XPEL undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210111005685\/en\/<\/a><\/span><\/p>\n

For more information, contact:
\n<\/b>
Investor Relations:
\n
John Nesbett\/Jennifer Belodeau
\n
IMS Investor Relations
\n
Phone: (203) 972-9200
\n
Email: jnesbett@institutionalms.com<\/a><\/p>\n

KEYWORDS:<\/b> Texas United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Chemicals\/Plastics Automotive Other Automotive Automotive Manufacturing General Automotive Manufacturing Other Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

XPEL Acquires Veloce Innovation a Leading Distributor of Architectural Films SAN ANTONIO–(BUSINESS WIRE)– XPEL, Inc. (Nasdaq: XPEL) (the “Company”), a global provider of protective films and coatings, announces the acquisition of Houston, Texas-based Veloce Innovation, a leading provider of architectural films for use in residential, commercial, marine and industrial settings. The acquisition closed on December 31, 2020. Ryan Pape, President and Chief Executive Officer of XPEL, stated, \u201cWe\u2019re pleased to welcome industry veteran Harry Rahman and his team from Veloce to XPEL. Harry brings a wealth of experience, extensive knowledge and deep relationships in the architectural window film industry. We look forward to leveraging Harry\u2019s expertise to accelerate revenue generation in this key product segment for XPEL.\u201d \u201cXPEL has a … <\/p>\n

Continue reading “XPEL Acquires Veloce Innovation a Leading Distributor of Architectural Films”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-412141","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nXPEL Acquires Veloce Innovation a Leading Distributor of Architectural Films - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/xpel-acquires-veloce-innovation-a-leading-distributor-of-architectural-films\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XPEL Acquires Veloce Innovation a Leading Distributor of Architectural Films - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"XPEL Acquires Veloce Innovation a Leading Distributor of Architectural Films SAN ANTONIO–(BUSINESS WIRE)– XPEL, Inc. (Nasdaq: XPEL) (the “Company”), a global provider of protective films and coatings, announces the acquisition of Houston, Texas-based Veloce Innovation, a leading provider of architectural films for use in residential, commercial, marine and industrial settings. The acquisition closed on December 31, 2020. Ryan Pape, President and Chief Executive Officer of XPEL, stated, \u201cWe\u2019re pleased to welcome industry veteran Harry Rahman and his team from Veloce to XPEL. Harry brings a wealth of experience, extensive knowledge and deep relationships in the architectural window film industry. We look forward to leveraging Harry\u2019s expertise to accelerate revenue generation in this key product segment for XPEL.\u201d \u201cXPEL has a … Continue reading "XPEL Acquires Veloce Innovation a Leading Distributor of Architectural Films"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/xpel-acquires-veloce-innovation-a-leading-distributor-of-architectural-films\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-11T14:06:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210111005685r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xpel-acquires-veloce-innovation-a-leading-distributor-of-architectural-films\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xpel-acquires-veloce-innovation-a-leading-distributor-of-architectural-films\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"XPEL Acquires Veloce Innovation a Leading Distributor of Architectural Films\",\"datePublished\":\"2021-01-11T14:06:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xpel-acquires-veloce-innovation-a-leading-distributor-of-architectural-films\\\/\"},\"wordCount\":577,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xpel-acquires-veloce-innovation-a-leading-distributor-of-architectural-films\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210111005685r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xpel-acquires-veloce-innovation-a-leading-distributor-of-architectural-films\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xpel-acquires-veloce-innovation-a-leading-distributor-of-architectural-films\\\/\",\"name\":\"XPEL Acquires Veloce Innovation a Leading Distributor of Architectural Films - 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