AG and BNP Paribas Fortis rachètent Touring

Touring is owned 75% by AG and 25% by BNP Paribas Fortis. Ses d’assurance products intégrent le portefeuille d’AG, mais resten proposés sous la marque Touring.

AG and BNP Paribas Fortis rachètent Touring. L’assureure AG devient actionnaire de Touring SA with concurrence of 75%. La banque BNPPF takes 25% of shares. The amount of the transaction was not communicated by the actors of this operation. The three companies concerned have already been partners for several years. Elles renforcent aujourd’hui leurs liens. Touring, qui conserve une certaine autonomie, currently operates sous la coupole des deux poids lourds de la banque et de l’assurance.



“Pour rester leader du sector, Touring doit créer des synergies and develop a real eco-system de la mobilité.

Bruno de Thibault

CEO of Touring

For the Touring company, it is the beginning of a new era. “L’arrivée des véhicules électriques, la mobilité partagée, tomorrow les voitures autonomes… All these changes bousculent le marché. To remain the sector leader, Touring must create synergies and develop a true mobility eco-system. For this, we need new support from solid partners like AG and BNP Paribas Fortis”, explains Bruno de Thibault, CEO of Touring. tous ses concurrents sont already integrated dans de grands groupes. “Allianz, Axa, KBC… Tous ces acteurs ont leur propre filiale active dans l’assistance. En Belgique, Touring est la seule entité d’assistance restée autonome et indépendante”, points Bruno de Thibault.

Dance at the new organization, Touring garde une certaine autonomie. The limited company Touring is an independent company. But it becomes a subsidiary of groupe AG. L’ensemble de son portefeuille d’assurances is now integrated into AG. Les produits d’assistance dépannage aux véhicules (voitures, motos, vélos…), de réparation de vitrage (Touring Glass) and d’assurance voyage (assistance à l’étranger, assurance annulation, assurance bagages) become des produits AG. But they want them toujours commercialisés sous le label Touring. Il faut dire que la marque Touring – which is more than 125 years old – reste une marque forte, has known many Belgians. Son vehicle assistance covered 2.8 million people. Chaque année, at the real society, approximately 680,000 depanages.



“This operation gives us the opportunity to differentiate ourselves in the field of mobility and provide the best service to customers.”

Pour l’assureure AG, this operation strengthens the rights already existing with Touring, qui est le partner du groupe pour l’assistance dépannage. “Our assurances cover 1.5 million cars. It’s a sector très important pour nous, en constante évolution. “, emphasizes Heidi Delobelle, CEO d’AG.

Multimodality

AG devient non seulement l’actionnaire principal de Touring, mais l’assureure integré aussi les activités de Touring dans portefeuille. On the contrary, BNP Paribas Fortis, which became a 25% shareholder of Touring, would have no operational role in the new structure. At the bank, however, it continues to offer guarantees through an AG partner and always offers indirect Touring products.

BNP Paribas Fortis will however take an additional significant stake eighth, a software company specializing in multimodality. This company has entrusted the team with more than 200,000 charging points for electric vehicles in Europe. Optimile was held in a Touring level, an AG level, a BNPPF level. Now, BNPPF in sera actionnaire of 75%, AG of 25%.

L’ASBL Touring Club, de son côté, ne passe pas sous le contrôle d’AG et BNPPF. This historic motorists’ defense association is independent. Le CEO of Touring SA, Bruno de Thibault, nevertheless integrates le conseil d’administration de cette lobbying structure that conserves dozens of collaborators they all have pluses.

Une asbl aux activités commerciales

On the same occasion, all commercial activities that are encore gérées through l’asbl Touring are transferred à la SA Touring. C’est une bizarrerie dans l’organisation de la compagnie d’assurance: l’asbl gère certaines activités commerciales de Touring, especially l’important créneau du dépannage de véhicules. Sur les 237 million euros of Touring turnover, 102 million are generated by l’asbl. This incongruity, qui a compliqué l’opération de rachat et rallongé les discussions, disappears in the new organization.

1,300

contributors

Le groupe Touring, which includes the activity in technical control, employs around 1,300 collaborators.

The dernier pan d’activité concerned par le rachat is the technical control. Touring operates 18 technical control centers and 6 driving test centers. This activity, which employs around 700 people, is transferred integrally to AGqui en prend le control à 100%.

Dans l’assurance, Touring employs around 600 people. Le rachat has no impact on the staff, assuring les trois protagonistes. L’opération doit encore être validatedée by the control authorities. Its finalization is expected for mid-2023.

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