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.
The Netherlands Authority for Consumers and Markets (ACM) announced today that Global Automotive Investments Holding BV, parent company of major tyre wholesalers Inter-Sprint and Van den Ban, intends to acquire PBG BV (Pon Tyre Group), the company that previously distributed the Continental tyre brand in the Netherlands. Global Automotive and current PBG owner Pon Holdings requested permission for the transaction on 29 January.
As of 1 July, Brussels-based Continental subsidiary Continental Benelux has taken over exclusive distribution of Continental car, van and industrial tyres in the Netherlands from Continental Banden Groep (CBG). Continental Benelux is already responsible for the Continental commercial vehicle tyre range in this market, having taken on direct distribution five years ago.
Netherlands-based transportation sector firm Pon Holdings announced yesterday its intention to divest Gundlach Automotive Corporation (GAC) at the end of this year to private equity investor Gilde Buy Out Partners. The business will thereafter operate as an independent company.
Hans Mulder has been appointed director of Continental Banden Groep BV, the Pon Tyre Group company responsible for distributing the Continental, Uniroyal, Semperit, Gislaved and Achilles tyre brands in the Netherlands.
According to our sister site in Germany, Reifenpresse.de, Gebhard Jansen has assumed the role of vice-president within the Pon Tyre Group. Jansen, managing director of German tyre wholesaler Reifen Gundlach, took over from Jannes Bouman in November 2017. Bouman is now senior vice-president of Pon Commercial Vehicles.
Well-known tyre wholesale Euro-Tyre is to close its Venlo distribution centre next summer. According to local news reports, storage and distribution of tyres will be moved to the firm’s German sister company Reifen Gundlach in Daufenbach and to Pon Logistics in Barneveld. The sales, purchasing, administration and the IT departments of Euro-Tyre will however remain in Venlo.
On 1 September 2015 former Continental Banden Groep managing director, Bert Stellinga, took on a direct role in Pon Tyre Group as director of marketing intelligence and pricing. Jannes Bouman takes over as MD of Conti Banden on an interim basis. Pon Tyre Group owns businesses including Continental Banden Groep, Euro-Tyre and Reifen Gundlach.
The Pon Group has invested heavily in expanding its tyre business in recent years. After acquiring Euro-Tyre in 2010, the Dutch firm also took over German tyre wholesaler Reifen Gundlach. Jannes Bouman, Pon Group senior vice-president responsible for the Pon Tyre Group, now reports a further recent acquisition; the company has acquired a majority share in German B2C online tyre retailer Goodwheel GmbH.
Pon Tyre Group has appointed Frits de Raad as managing director of Euro-Tyre. He will take up the position on 22 April 2014. De Raad succeeds Frank van Leeuwen, who has decided to pursue his career outside the Group, Pon stated.