CEAT Buys Michelin's CAMSO Construction Compact Line Business
Strategic Expansion in Off-Highway Tyres CEAT Limited has taken a significant step forward in its Off-Highway Tyres (OHT) growth strategy by acquiring the CAMSO Construction Compact Line Business from Michelin Group. This acquisition includes the Midigama plant in Sri Lanka and the Casting Product plant in Kotugoda. The deal also grants CEAT global ownership of the CAMSO brand, which will be fully integrated across categories after a three-year licensing period. This move marks a major milestone for CEAT as it aims to become a leading player in the high-margin OHT segment. Over the past decade, CEAT has developed a strong agricultural tyre portfolio. With the addition of CAMSO's expertise in compact construction equipment tracks and tyres, the combined strengths open up opportunities with over 40 global OEMs and premium international OHT distributors. Michelin is stepping back from activities related to compact line bias tyres and construction tracks. Support from Key Stakeholde...