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Click the thumbs up >The owner of Rivus Fleet Solutions, Aurelius, has bought AutoRestore from Belron International for an undisclosed sum.
Aurelius says that the mobile body repair services company, which traded as Autoglass BodyRepair under Belron, will complement its existing portfolio of business.
Headquartered in Rushden, Northamptonshire, AutoRestore operates a fleet of more than 130 mobile repair vans, providing over 30,000 repairs a year to B2B customers, including insurance and fleet management companies, as well as a growing B2C offering.
Currently providing same-day mobile accident body repair services through a virtual garage network, Aurelius says that AutoRestore will benefit from operating alongside Rivus, which has 55 locations, supported by 800 employees and mobile technicians servicing commercial fleets with a focus on LCVs.
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Major companies in the automotive repair and maintenance market include Arnold Clark Automobiles Limited; Asbury Automotive Group; Ashland Automotive; Belron International Ltd. and Carmax Autocare Center.
The global automotive repair and maintenance market is expected to grow from $641. 4 billion in 2020 to $690. 07 billion in 2021 at a compound annual growth rate (CAGR) of 7. 6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $879. 4 billion in 2025 at a CAGR of 6%.