# Michelin completes acquisition of Fenner PLC

Michelin has completed the acquisition of Fenner PLC, a world leader in reinforced polymer technology, for approximately £1.3 billion. The deal was approved by Fenner shareholders on May 16, 2018, and sanctioned by the court on May 25, 2018, becoming effective on May 31, 2018.

- Type: Acquisition
- Announced: 2018-05-31
- Where: United Kingdom
- Value: $1.74B (1.30B GBP)
- Status: completed
- Products: conveyor belts, reinforced polymer products
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Michelin](https://endata.com/companies/13430.md) (acquirer)
- [Fenner](https://endata.com/companies/18364.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2018/05/31/1514509/0/en/Michelin-Michelin-Completes-the-Acquisition-of-Fenner-PLC.html), 2018-05-31: "Michelin and Fenner are now pleased to announce that the court order for the Scheme has been delivered to the Registrar of Companies today and, accordingly, the Scheme has become effective in accordance with its terms."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.