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CEAT: Focus on off-highway tyres
Financial Express Chennai
|December 10, 2024
Camso deal to also strengthen company's portfolio in tracks
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ment (OE) sectors. The all-cash transaction is valued at approximately $225 million and involves a business with revenues of $213 million as of CY23. This acquisition aligns with CEAT's strategic focus on expanding its presence in high-margin segments, enhancing its product portfolio in off-highway tyres (OHT) and tracks. The portfolio now includes agricultural tyres and tracks, harvester tyres and tracks, power sports tracks, and material handling
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