Ceat buys Camso bias tyres and tracks business from Michelin
CEAT and Michelin have entered into a definitive agreement for Ceat to acquire the Michelin-owned Camso brand’s off-highway construction equipment bias tyre and tracks business from Michelin in a $225 million deal. The transaction includes the business with revenues of around $213 million in 2023 as well as “global ownership of the Camso brand along with two state-of-the-art manufacturing facilities”.