RPG GROUP FLAGSHIP firm Ceat has signed a definitive agreement to acquire two Sri Lanka-based tyre making plants and the brand Camso, all owned by world's largest tyre maker Michelin, for ₹1,905 crore (about $225 million). This is Mumbai-based company's first-ever acquisition.
Camso is a premium brand in off-highway construction equipment tyre and tracks segment, with strong equity and market position in the European Union and North America aftermarket, and original equipment segments, Ceat said.
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