Magna Tyres acquires Forrez to accelerate growth

Magna Tyres Group has announced the acquisition of Forrez, a Belgian tyre specialist and mobile service provider. This acquisition is a key step in Magna Tyres' international growth strategy and strengthens the company's position in the European market.

Over the past few years, Magna Tyres has transformed from an ambitious tyre manufacturer into a fast-growing international organisation with an expanding portfolio of companies and distribution networks around the world. Through investments in innovation and strategic acquisitions, the group has strengthened its global position.

The acquisition of Forrez is Magna Tyres' sixth strategic acquisition in recent years, demonstrating the company's ambition to create a global tyre solutions platform. The addition of Forrez will enhance Magna Tyres' capabilities as a comprehensive tyre service provider.