Apollo Tyres buys Germany’s reifen.com

The reifen.com logistics centre in Hildesheim, Germany (Photo: reifen.com)

Apollo Tyres Ltd has announced its acquisition of tyre wholesaler and online retailer Reifen.com GmbH. The German company changed hands for €45.6 million and, according to Neeraj Kanwar, vice-chairman and managing director of Apollo Tyres, the purchase of Reifen.com represents a “strategic fit in further growing our European business.

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