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CEAT to acquire Camso's off-highway tyre biz from Michelin for ₹1,905 crore
Tyre maker and RPG Group company CEAT on Friday said it has entered into a definitive agreement with Michelin to acquire its Camso brand's off-highway tyres (OHT) and tracks business for about USD ...
Business Line20d
CEAT eyes acquisitions to expand in international markets
The company recently acquired Camso brand’s off-highway construction equipment bias tyre and tracks business from Michelin for $225 million. Camso is a premium brand with strong equity in the EU ...
Mint29d
Acquisition and capex keep Ceat on a roll despite short-term margin erosion
In the medium term, Ceat is counting on the integration of Michelin's off-highway tire (OHT) business, acquired under the Camso brand in December, to drive growth. The $225 million (approximately ...
For Construction Pros6y
Michelin Announces Agreement to Acquire Camso
the OTR division’s decision-making center will be based at Camso’s headquarters in Magog. The management teams, including the top executive, will work out of the Magog office.
ET Auto22d
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Camso is a Canadian brand that makes tyres for tractors, harvesters, bulldozers and other off-highway vehicles which command higher margins compared to tyres for passenger vehicles and two wheelers.