Whistle Express to acquire US car wash business from Driven Brands for €385m.

Whistle Express, an industrial engineering group specializing in various sectors, agreed to acquire US car wash business, from Driven Brands, an automotive repair center operator, for €385m. "This transaction will enable Driven Brands to reduce debt and enhance our focus on our growing Take 5 Oil Change brand and our stable, cash-generating franchise brands. This decision follows a deliberate and thoughtful strategic review of value-maximizing options for the U.S. car wash business, and we are confident it will better position the Company to execute on our strategic initiatives and deliver long-term value to our shareholders," Jonathan Fitzpatrick, Driven Brands CEO.