Belron welcomes German court ruling
The Federal Court of Justice rejected Stellantis' appeal, confirming independent repairers' unrestricted access to OBD vehicle data for ADAS recalibration.
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Global vehicle glass repair, replacement and recalibration group
belron.comLast updated
In short: Belron explored a potential $27.8 billion IPO in Amsterdam and secured legal victories regarding independent access to vehicle data.
The Federal Court of Justice rejected Stellantis' appeal, confirming independent repairers' unrestricted access to OBD vehicle data for ADAS recalibration.
The Higher Regional Court of Cologne ruled on 17 January 2025 that manufacturers' barriers to vehicle data are illegal, reinforcing an ECJ decision and supporting independent repairers.
Issuer prices €850M EUR Notes and $1,115M USD Notes due 2029 at par. Proceeds refinance loans, fund shareholder distribution, and cover fees. Closing expected October 16, 2024.
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