Magna Tyres Group is acquiring Australian-based Fennell Tyres International. Fennell Tyres International is known for its competitively priced, quality OTR, mining and TBR tyre solutions. Financial details have not been disclosed. According to the company, “Magna Tyres recognizes the demand for high quality off the road tyres in Australia and the value of a long-term relationship with customers”. The firm’s goal is to strengthen its position worldwide.