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ISTOBAL expands its presence in Hungary through the acquisition of CarWash Hungary

Jun 28, 2024

Acquiring Company

ISTOBAL

Acquired Company

CarWash Hungary

ValenciaBudapestManufacturingAutomotiveAutomotive

Description

ISTOBAL, a global leader in vehicle wash solutions, has established a new subsidiary in Hungary through the acquisition of CarWash Hungary. This strategic move reinforces ISTOBAL's commitment to adapt to the demands of the Hungarian market and brings innovative solutions to key segments, leveraging the expertise and experience of CarWash Hungary in the carwash sector.

Quick answer

ISTOBAL is acquiring CarWash Hungary, announced June 28, 2024. ISTOBAL is based in Valencia, Valencian Community, Spain.

How much did ISTOBAL pay for CarWash Hungary?
The deal value was not disclosed.
What does ISTOBAL do?
ISTOBAL is a global leader in vehicle wash solutions, offering high quality products and services tailored to the needs of customers in key regions.
Where are ISTOBAL and CarWash Hungary based?
ISTOBAL is based in Valencia, Valencian Community, Spain. CarWash Hungary is based in Budapest, Budapest, Hungary.
Who are the decision-makers at ISTOBAL?
Fundz holds 1 contact at ISTOBAL. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

ISTOBAL

Location

Valencia, Valencian Community, Spain

About

ISTOBAL is a global leader in vehicle wash solutions, offering high quality products and services tailored to the needs of customers in key regions. With a strategic growth plan in Europe, ISTOBAL has expanded its presence to 13 subsidiaries globally, reinforcing its commitment to bring innovative solutions to key markets.

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Frequently asked

Who acquired CarWash Hungary?

CarWash Hungary was acquired by ISTOBAL, based in Valencia. The deal was reported on June 28, 2024. ISTOBAL is a global leader in vehicle wash solutions, offering high quality products and services tailored to the needs of customers in key regions. ISTOBAL is privately held and operates in Manufacturing.

When did ISTOBAL acquire CarWash Hungary?

ISTOBAL's acquisition of CarWash Hungary was reported on June 28, 2024. ISTOBAL, a global leader in vehicle wash solutions, has established a new subsidiary in Hungary through the acquisition of CarWash Hungary. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does CarWash Hungary do?

CarWash Hungary, a renowned carwash company located in Budapest, has been a dominant player in the Hungarian carwash market for over 30 years. It is privately held, operating in Automotive, and is based in Budapest.

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