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Announced

Completed

Michelin completed the acquisition of ČEMAT.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

business services

Friendly

Majority

Business Process Outsourcing

Construction Services

Cross Border

Czechia

Completed

Private

Synopsis

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Michelin, a mobility company, completed the acquisition of ČEMAT, a provider of mobile services for special industrial and construction tires. Financial terms were not disclosed. "This is a major acquisition that will support our handling, construction and agricultural operations, strengthen our specialty tire distribution in Central Europe and strengthen the related service offering," Bill Schafer, Michelin Vice President.

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