Global Automotive Investments Holding acquires Italy’s Tagliabue Gomme

Global Automotive Investments Holding BV, the company behind a number of well-known tyre distributors such as Inter-Sprint and Van den Ban, is taking another step in expanding its international activities by acquiring Italian tyre distributor Tagliabue Gomme Gross Srl (TGG). The parties have come to an agreement for a takeover of the shares from TGG’s current owners and expect the acquisition to be completed by mid-February 2024 at the latest.

A statement issued by TGG indicates that Global Automotive intends to retain the Italian firm’s current strategy. “The aim is to further strengthen TGG’s position on the Italian market together with the management, using the knowledge and experience available within the group. We look forward to a smooth transition, further improving the service to our customers.”

Current managing director/owner Andrea Tagliabue will remain involved as non-executive and advisor.

Reaching new targets

“This is a new challenging opportunity for the company and its human resources, customers and partners,” comments Andrea Tagliabue. “Thanks to Global Automotive, the company can move faster and reach new targets.”

Although its 2022 turnover of €143.3 million is around one-fifteenth of that achieved by Global Automotive, TGG is one of Italy’s largest tyre distributors and has a strong wholesale function. The company is headquartered in Villasanta, north of Milan, and operates three regional warehouses, employing 113 people in total. The family company has a rich and long history, and in 2023 marked its 100th anniversary. “Also, in that aspect it is a good match with the family DNA of Global Automotive,” TGG concludes. Indeed, Global Automotive Holdings is also a family business of sorts. It is wholly owned by the daughter of Inter-Sprint founder Job van Vliet.