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Apollo Tyres acquires Reifencom GmbH for Euro 45.6 million

16 Nov 2015 Evaluate

Apollo Tyres has acquired Reifencom GmbH, one of the largest tyre distributors in Germany for Euro 45.6 million. Reifencom GmbH has an online presence in 6 countries -- Germany, France, Italy, Austria, Switzerland and Denmark. In addition, it operates 37 stores and service centers across Germany.

This acquisition will enable the company to improve its mix of distribution channels in Germany and Europe and aid in increasing the visibility of Apollo and Vredestein tyres in the offline and especially the fast growing online retail space. The consideration of the acquisition will be paid in cash and it expects to complete the deal in next one-three months after getting all regulatory approvals.

Apollo Tyres produces the entire range of automotive tyres for ultra and high speed passenger cars, truck and bus, farm, off-the-road, industrial and specialty applications like mining, retreaded tyres and retreading material. These are produced across Apollo’s eight manufacturing locations in India, Netherlands and Southern Africa.

Apollo Tyres Share Price

455.30 6.10 (1.36%)
06-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 135574.20
Apollo Tyres 455.30
Ceat 3805.85
Balkrishna Inds. 2207.65
JK Tyres & Inds. 409.35
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