Continental sells Tikka Spikes Oy via management buy-out

Continental has sold its Finnish Tikka Spikes Oy business to the company’s management in a management buy-out (MBO). As a result, parts of Tikka’s current management team led by Juha Rautiainen will acquire all Tikka Spikes Oy shares through their newly founded company Tikka Industrial Oy. The target date for completion is 1 March 2024. All Tikka Spikes employees will stay with the new owners. Existing supply, development and testing partnerships with Continental will be continued. Both parties have agreed not to disclose the purchase price.