trending Market Intelligence /marketintelligence/en/news-insights/trending/cyQ5vBxA44SdbFLJewty1A2 content esgSubNav
In This List

Michelin completes Camso acquisition

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Global M&A by the Numbers: Q2 2022

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms


Michelin completes Camso acquisition

French tire maker Michelin said Dec. 18 that it completed its acquisition of Camso Inc. for $1.36 billion.

The deal was announced in July and initially had an enterprise value of $1.7 billion. Michelin then expected to pay $1.45 billion for the Canadian tires and rubber company.

Michelin said the acquisition could offer up to $55 million in synergies by 2021 and make it the biggest off-the-road market player.

On March 19, Michelin offered to purchase British conveyor belt manufacturer Fenner PLC for approximately £1.7 billion.