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    Breaking News

    BASF Acquires Majority Share of Belgian Internet Platform UBench

    Both companies have agreed not to disclose financial details of the transaction.

    BASF Acquires Majority Share of Belgian Internet Platform UBench
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    • Detroit Community Benefits from Support of BASF Volunteers and $50,000 Contribution
    10.01.19
    On Sept. 30, BASF acquired a majority share of the internet platform UBench with offices in Turnhout and Geel, Belgium.

    Both companies have agreed not to disclose financial details of the transaction.

    The transaction includes UBench International NV, CarRoll BVBA and DLight BVBA.

    Regulatory approvals are not required.

    UBench and its more than 30 employees continuously advance the inhouse developed internet platform and manage the service portfolio for various customers in the automotive aftermarket, such as leasing companies, insurance companies, car manufacturers and companies with large fleets.

    UBench will continue its current activities as a standalone business under the umbrella of the newly established UBench BV.

    Peter Verbraeken, founder and CEO of UBench, will hold a minority share supporting consistency and future strategic development of the business.
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    Related Content

    • Breaking News
      BASF Expands Production Capacity for Neopentylglycol

      BASF Expands Production Capacity for Neopentylglycol

      Capacity increases worldwide to 215,000 metric tons per year.
      09.27.19

    • Breaking News
      BASF Selling Ultrafiltration Membrane Business to DuPont

      BASF Selling Ultrafiltration Membrane Business to DuPont

      Financial details of the transaction are not being disclosed.
      09.23.19

    • Breaking News | Industry News
      Covestro Selling European Polycarbonate Sheets Biz to Serafin Group

      Covestro Selling European Polycarbonate Sheets Biz to Serafin Group

      Covestro and Serafin agreed not to disclose financial details of the transaction.
      09.16.19


    • Breaking News | Paint & Coatings Manufacturer News | Powder Coatings
      Axalta Acquiring Capital Paints

      Axalta Acquiring Capital Paints

      Capital Paints is a UAE-based powder coatings manufacturer. Financial terms of the transaction were not disclosed.
      09.16.19

    • Breaking News
      Detroit Community Benefits from Support of BASF Volunteers and $50,000 Contribution

      Detroit Community Benefits from Support of BASF Volunteers and $50,000 Contribution

      More than 200 BASF employees from Michigan recently volunteered to renovate a former school in the Detroit Durfee neighborhood.
      08.22.19

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      Breaking News
      • Nippon Paint Automotive Americas Appoints Robert Angart CEO and President
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      CURRENT ISSUE

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