CEAT to acquire the Camso brand off-highway tires and tracks business from Michelin for $225m.

CEAT, a tire company, agreed to acquire the Camso brand, a premium brand in construction equipment tire and tracks, off-highway tires and tracks business from Michelin, a tyre manufacturer, for $225m. “This acquisition is a transformative step for CEAT Specialty as it significantly enhances our capabilities in the Off Highway tyres and tracks segment. By integrating Camso’s manufacturing expertise and innovation-driven approach, we are poised to provide even greater value to our customers. We look forward to building on the legacy of the Camso brand while strengthening our position as a one stop shop of all off-highway tire and track needs,” Amit Tolani, CEAT Specialty CEO.