£200 million acquisition expands Continental’s tyre sales network in Australia

13th August 2018 | 0 Comments
 
£200 million acquisition expands Continental’s tyre sales network in Australia
£200 million acquisition expands Continental’s tyre sales network in Australia

Continental is set to gain a sizeable retail presence in Australia through its acquisition of acquire Kmart Tyre and Auto Service (KTAS), one of the country’s largest tyre and auto service suppliers. The company says the purchase of KTAS from Wesfarmers Limited for AU$350 million (£199.8 million) will “greatly reinforce” its tyre dealership network in Australia.

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Category: International News