XPEL rises on acquisition of Protex Centre

XPEL

30/01/2020 15:33

** Shares of protective films and coatings provider  XPEL.O 
rise 3.3% to $16.79
    ** XPEL Inc to acquire Protex Centre, a Montreal-based paint
protection film installation business, for C$3.25 mln
 urn:newsml:reuters.com:*:nBwbhkKYqa
    ** The acquisition is expected to add over C$2.5 mln in
incremental revenue for co; says deal will be immediately
accretive to 2020 results
    ** XPEL stock has gained 53.8% over the past three months,
as of last close 

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com; +1 646 223 8780 Ext:
2776; Reuters Messaging:
arundhati.sarkar.thomsonreuters.com@reuters.net))