Nationwide is pleased to announce that it has completed the acquisition of Derek Gladwin Ltd ("Gladwins") from its sole proprietor. Gladwins is a leading provider of crash repair services in the East of England and the eleventh largest independent bodyshop chain in the UK. Based in Cambridgeshire, Gladwins operates eight bodyshops, at Peterborough, St.Ives, Warboys, Swavesey, Cambridge, Thetford, Norwich and King's Lynn, which provide automotive repair services to motor insurers, consumers and fleet operators.
The addition of Gladwins is highly complementary to Nationwide's existing operations and provides the Group with a significantly enhanced presence in the Eastern region, with the prospect of economies of scale and flow. It also helps to increase Nationwide's presence in its target markets of insurance, fleet and retail.