D'Ieteren

Founded in 1805, D'Ieteren is the #1 cars distributor in Belgium and the worldwide leader in the repair and replacement of vehicle glass.

Automobile distribution

With a market share topping 21% and revenues of EUR 2.7 billion, D’Ieteren is the exclusive importer for Belgium of the following brands: Volkswagen, Audi, Seat, Skoda, Bentley, Lamborghini, Bugatti, and Porsche. Its competitive advantage is based on a tight network of concession agents, a wide range of models, higher than average customer loyalty and a good knowledge of its home market. The company is also a top player in motorbikes and motorcycles (Yamaha), diesel utility vehicles and low tonnage commercial vehicles. D'Ieteren Auto also holds a minority stake in Volkswagen D'Ieteren Finance, a provider of car financing services. 

Vehicle glass repair and replacement

At the end of 1999, D'leteren purchased Belron in a joint venture with Cobepa. With 1,900 branches, Belron has developed into the global leader in vehicle glass repair and replacement with revenues reaching EUR 2.8 billion. Belron trades under 15 different brands including Carglass, Autoglass and Safelite, serving customers in 33 countries. D'Ieteren increased its stake in Belron in September 2009 with the acquisition of the remaining stake held by Cobepa. The stake of the Group in Belron is now 93%.

D’Ieteren also used to be invested in the car rental company Avis Europe. It sold its 60% stake in October 2011 to Avis Inc.

Shareholding

Listed on Euronext Brussels with a 40% float, the Group is still controlled by the founding families. Cobepa holds a 3.8% stake after having reduced its shareholding in September 2010 by selling half of its shares on the stock exchange.