XPELX Protocol Engine Library
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XPEL said Protex will continue to operate separately, with XPEL's support, under its management team.
XPEL's products and services and XPEL Canada will continue working together and develop the Canadian marketplace and both will sign another software licensing agreement whereby XPEL Canada's customers will benefit from access to XPEL's Design Access Program software.
Transguard said it looks forward to leveraging the XPEL brand and service model to capitalise on the growth opportunities in Boise, Idaho.
In conjunction with the acquisition, XPEL is restructuring its licensing agreement with Proform Protective Films, Inc, which has operated as a separate library of paint protection film patterns within the company's Design Access Program.
XPEL supplies automotive paint and headlamp protection films with over 70,000 vehicle-specific applications and a worldwide network of trained installers.
Diversified technology company 3M (NYSE:MMM) on Thursday announced the filing of a patent infringement lawsuit in federal district court in Minnesota on 29 2015 against XPEL Technologies Corporation.
5m as part of the purchase price and the acquisition was closed with the transfer of all of its assets to a new subsidiary and the acquisition of all of the shares of the new subsidiary by XPEL Canada Corp, XPEL's wholly owned Canadian subsidiary.