Modern Tyres completed the acquisition of BestDrive Ireland from Continental Global Holding Netherlands.

Synopsis

Modern Tyres, a family-run business started by Jimmy Byrne in 1965, completed the acquisition of BestDrive Ireland, provider of automotive maintenance and full car servicing, from Continental Global Holding Netherlands, a wholly-owned subsidiary of Continental AG and operates as a holding company. Financial terms were not disclosed.

Principals

target

Bestdrive Ireland

bidder

Modern Tyres

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Market Context