Delticom Eyes Up Emerging Markets with Tyrepac Purchase
On 13 December 2010 Delticom AG, purportedly Europe’s leading online tyre retailer, announced that it had made its first move into the burgeoning Far Eastern markets with the acquisition of a majority stake in Tyrepac Pte Ltd, Asia’s first tyre portal. So far no pricetag has been associated with the deal, but Tyres & Accessories understands that the transaction is structured as a capital increase at Tyrepac to fund the company’s further growth and geographical expansion into further markets in Asia. The partnership is meant to create a truly global tyre dealer, active in more than 40 countries on three continents.