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New Deal


Announced

Completed

AG Insurance and BNP Paribas Fortis completed the acquisition of Touring.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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auto services

Private

Belgium

Acquisition

Completed

Friendly

car repair

Auto Services

Majority

Domestic

Synopsis

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AG Insurance, an insurance provider, and BNP Paribas Fortis, a commercial banking institution, completed the acquisition of Touring, a developer of a car repair platform designed to help in quick and easy quotes comparison. Financial terms were not disclosed. “A growing number of people drives electrically. Road assistance services have to adapt, for example, by providing supercharging boosters on the road and many new digital services. But, unfortunately, this costs a lot of money," Thierry Willemarck, Touring President.

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