Istobal Expands Global Reach with Acquisition of Good Sight Australia
Deal News | Feb 20, 2025 | Finance Community ES 2 - Corporate M&A
Istobal, a leading Spanish company in vehicle cleaning and care solutions, has acquired Good Sight Australia (GSA). This acquisition is part of Istobal's global expansion strategy to enhance its direct sales capabilities and cater to customer needs in strategic regions. BDO’s Deal Advisory team provided advisory services for this acquisition, which follows the establishment of offices in countries such as France, Poland, Netherlands, Germany, and Hungary. The acquisition of GSA allows Istobal to enhance its service offering and increase its presence in the promising Australian market. The company now operates 16 branches globally, solidifying its leadership position in the international vehicle washing sector.
Sectors
- Automotive Aftermarket
- Corporate Finance and M&A Advisory
Geography
- Spain – Istobal is based in Spain and is expanding its international operations.
- Australia – The acquisition of Good Sight Australia marks an increased presence for Istobal in the Australian market.
Industry
- Automotive Aftermarket – The acquisition strengthens Istobal's position in the vehicle cleaning sector, a key segment of the automotive aftermarket industry.
- Corporate Finance and M&A Advisory – BDO's advisory role highlights the involvement in M&A transactions, a crucial aspect of corporate finance.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Istobal | Acquiring Company | Company | A leading Spanish company specializing in vehicle cleaning and care solutions. |
| Good Sight Australia (GSA) | Target Company | Company | An Australian company involved in vehicle cleaning solutions. |
| BDO | Advisory Firm | Company | BDO provided advisory services to Istobal on this acquisition. |