To continue the adventure, what could be more exhilarating than to take the short cuts ? It is, perhaps, what is said, in recent days, the leaders of Michelin, at the time of announcing an acquisition that will make the firm in Clermont-Ferrand, the world’s number one tire ” off-road “. Thursday, July 12, Michelin has signed the acquisition of a shareholding of 100% of the canadian company Camso, specialist in rubber tracks and solid tyres, which presents itself, even on its logo, as a ” Road Free Company “.
The acquisition of 100 % of a 1.7 billion us dollars (1.5 billion euros) has been signed at the headquarters of the company, to Magog, a charming town in quebec 20 000 souls, raised on the shore of a lake, about an hour by snowmobile to the u.s. border. Michelin pays 1.45 billion in cash and 250 million in the form of assumption of debt to acquire the company that achieves $ 1 billion in revenue.