Roadside assistance Touring is acquired by AG and BNP Paribas Fortis

Shareholders AG and BNP Paribas Fortis rise above breakdown aid Touring. Seventy-five percent of the shares will be purchased by Insurer AG, and twenty-five percent by BNP Paribas Fortis.

Touring is still a non-profit organization today, making it an anomaly. The majority of other social assistance providers are supported financially by a powerful partner. For instance, rival VAB works with KBC bank. Following the acquisition, Touring will continue to operate independently.

With the rich investors, Touring is able to adapt to the continuously evolving mobility. For instance, switching to electric driving necessitates additional resources for Touring.

On the other hand, a strong brand like Touring is advantageous to AG and BNP Paribas Fortis. With the capital of Touring being open, AG will be able to operate its own help service. (blg)

By Editor