Green light for Dutch tyre wholesale giant’s acquisition of PBG
The Netherlands Authority for Consumers and Markets (ACM) has approved Global Automotive Investments Holding BV’s acquisition of PBG BV (Pon Tyre Group). The ACM reached its decision on 10 March after determining that the wholesale tyre market will remain sufficiently competitive following the takeover.
Global Automotive Investments is active through various operating companies: Inter-Sprint Banden B.V., Van den Ban Autobanden B.V., Tyreteam B.V., Banden Express B.V., Reedijk Banden Import B.V., Inter Tyre Holland B.V. and Wheel Tyre B.V.
PBG is a subsidiary of Pon Holdings BV and is also active in the wholesale trade of replacement tyres, rims and whole-wheel combinations. PBG is mainly active in the Netherlands with five divisions: Mega Tyre, Summa, PBG Wheels, PBG 2Wheel and PBG Industry.
The ACM expects that both parties will have a joint 30 to 40 per cent share of the Dutch tyre wholesale market following the acquisition and a 20 to 30 per cent share of the national wholesale market for aftermarket light vehicle rims.