With the rapid rise of the tire industry, it is also facing the trend of survival of the fittest. Due to factors such as economic, environmental supervision and backward technology, the tire industry in the first half of 2019 ushered in another wave of mergers and acquisitions, let's take a look!
One: Trelleborg acquires dealers
In January 2019, Trelleborg Wheel Systems completed an acquisition of an Italian distributor of agricultural tires and wheels and service providers to enhance Trelleborg's position in the European aftermarket.
Two: Bridgestone acquires remote car information processing business company TomTomTelematics
On January 22, 2019, Bridgestone announced the acquisition of TomTom Telematics, a remote in-vehicle information processing business, for 6.9 billion. This demonstrates the ambition of Bridgestone's global strategic goals.
Three: Goodyear buys retailer Meeting Tyres
In February 2019, US tire manufacturer Goodyear announced that it had acquired the UK's leading tire retailer, Meeting Tyres, through its subsidiary Goodyear Dunlop Tire UK, and the acquisition has now been completed.
Four: Qingdao Double Star acquired Hengyu Technology
Qingdao Double Star announced on the evening of March 14, 2019 that the company intends to sign an agreement with its subsidiary, Guangrao Jixing Tire Co., Ltd. and Shandong Hengyu Technology Co., Ltd., to participate in Hengyu Technology's restructuring with 8.9 billion yuan, in the continuous reorganization mode. Acquire 100% equity of the target company.
Five: Michelin acquires Indonesian tire manufacturer
On January 22, 2019, the Michelin Group announced that it had signed an agreement to acquire an 80% stake in Indonesian tire manufacturer PT Multistrada Arah Sarana TBK (hereinafter referred to as “Multistrada”) and then to acquire an 88% stake.
Six: Michelin acquisition hosted telematics company Masternaut
In May 2019, Michelin announced that it had signed an agreement to acquire Masternaut, a telematics company. Promoted the further development of Michelin's service and solution business expansion.
In the future, the reshuffle of the tire industry will become more and more confusing. It is hoped that some well-known brand companies will suddenly fall down and be caught off guard. Are you well prepared for this trend?