Michelin takes 20% share in A.T.U. auto service chain

13th February 2018 |
 
Michelin takes 20% share in A.T.U. auto service chain
Michelin takes 20% share in A.T.U. auto service chain

The Michelin Group has purchased a 20 per cent share in German automotive services provider A.T.U. (Auto-Teile-Unger). The minority stake was acquired from French automotive maintenance and repair services group Mobivia Groupe for 60 million euros; following the acquisition, Mobivia and Michelin intend to combine their expertise in order to further develop A.T.U. in Germany, Austria and Switzerland.

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Category: Company News