Apollo Tyres has acquired Reifencom GmbH, one of the
largest tyre distributors in Germany, for €45.6 million (around ₹320
crore), the company said on Monday Nov 16,2015
The
Germany-based tyre distributor has both online and offline presence.
The
Indian tyres major said that the deal will not only strengthen its
market in Germany but also in other parts of Europe.
Reifencom
GmbH has an online presence in six countries — Germany, France, Italy,
Austria, Switzerland and Denmark. In addition, it operates 37 stores and
service centres across Germany, Apollo Tyres said.
Hey its good to hear from you about Abolo Tyres in Germany. I am the service provider and distributor of Apollo Tyres in Nagpur, in Vidarbha and in Maharashtra; also and all other tyres. May it is worth useful for you!
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