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You are here: Home1 / News2 / International News3 / Magna Tyres to acquire Fennell Tyres International

Magna Tyres to acquire Fennell Tyres International

Date: 20th December 2021 Author: Chris Anthony Comments: 0
According to executives, the acquisition is part of Magna Tyres’ goal is to increase sales to 600 million euros within five years (Photo: Magna Tyres)

Magna Tyres Group is acquiring Australian-based Fennell Tyres International. Fennell Tyres International is known for its competitively priced, quality OTR, mining and TBR tyre solutions. Financial details have not been disclosed. According to the company, “Magna Tyres recognizes the demand for high quality off the road tyres in Australia and the value of a long-term relationship with customers”. The firm’s goal is to strengthen its position worldwide.

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Related news:

  1. Marathon Tyres named Magna Tyres’ Australian premium partner
  2. Bridgestone finalises Otraco acquisition
  3. Magna Tyres appoints exclusive Baltic dealer
  4. BKT sponsoring Australian cricket league
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Related Tags

acquisition, Australia, Fennell Tyres, Magna Tyres, OTR tyres

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