You are here: / CGS Holding

Posts

Preparing for re-entry: Continental returns to agri tyres with Project LousAgro

,

In the aftermath of June’s Brexit referendum, more than a few voices called for the UK government to reconsider its decision to leave the European Union. And while the new Prime Minister is adamant that “Brexit means Brexit,” we retain the option of later rejoining the club should we wish to. The same applies within the tyre industry, as we recently witnessed with Germany’s Continental AG. More than a decade after its ‘Agrexit’, the company will soon once again produce agricultural tyres under its main Continental brand name.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Continental returning to agricultural radial production in 2017
  2. ‘Mitas Premium’ announced at EIMA – Continental name to be phased out on OE agri tyres
  3. Stop the Crash – Continental partners with Global NCAP campaign
  4. Trelleborg acquires Mitas parent company, CGS Holding
/by

Trelleborg finalises acquisition of Mitas manufacturer, CGS Holding

,

Trelleborg has finalised its acquisition of leading agricultural, industrial and specialty tyre manufacturer, CGS Holding as. The total cash consideration amounted to approximately 10.9 billion Swedish krona (approximately £0.91 billion) on a cash and debt-free basis. CGS is headquartered in the Czech Republic and generated sales of approximately SEK 5.6 billion (£0.47 billion) in 2015 with an operating margin of 16.5 percent. The Czech company also produces engineered polymer solutions.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Trelleborg acquires Mitas parent company, CGS Holding
  2. The Mitas touch – a new plant, agri tyre ‘revolution’, and a changing brand focus
  3. Kenda buys Starco
  4. ‘Planning, communication’ help Trelleborg implement plans during pandemic
/by

EC clears Trelleborg acquisition of ČGS Holding

Approval has been given for Sweden’s Trelleborg AB to acquire ČGS Holding a.s., parent company of Czech tyre maker Mitas. In a statement issued this week, the European Commission shared that its assessment of the deal focused on the extent to which the two companies’ original equipment and aftermarket activities overlapped. The Commission found that Trelleborg and Mitas agricultural tyres “focus on different price and quality tiers” and are therefore “not close competitors.”

Read more

Related news:

  1. Trelleborg finalises acquisition of Mitas manufacturer, CGS Holding
  2. Trelleborg acquires Mitas parent company, CGS Holding
  3. Trelleborg increases agricultural, construction tyre prices 14%
  4. ‘Planning, communication’ help Trelleborg implement plans during pandemic
/by

Trelleborg acquires Mitas parent company, CGS Holding

,

Trelleborg has signed an agreement to acquire the Czech Republic’s CGS Holding a.s. for approximately 10.9 billion Swedish Krona (£830 million) on a cash and debt-free basis. The privately-owned company is active in the agricultural and specialty tyre business segments, including the strong Mitas tyre brand, as well as engineered polymer solutions. Closing of the transaction is subject to approvals from relevant competition authorities and is expected to be completed in the first half of 2016.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Trelleborg finalises acquisition of Mitas manufacturer, CGS Holding
  2. The Mitas touch – a new plant, agri tyre ‘revolution’, and a changing brand focus
  3. Preparing for re-entry: Continental returns to agri tyres with Project LousAgro
  4. ‘Planning, communication’ help Trelleborg implement plans during pandemic
/by