# Michelin to acquire Camso

Michelin signed an agreement to acquire 100% of Camso Inc., a leader in off-road tires, wheels, rubber tracks and undercarriage systems. The combined entity will be the world leader in OTR mobility.

- Type: Acquisition
- Announced: 2018-07-12
- Where: Quebec, Canada
- Value: $1.45B
- Status: announced
- Products: off-road tires, wheels, rubber tracks, undercarriage systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Michelin](https://endata.com/companies/13430.md) (acquirer)
- [Camso](https://endata.com/companies/33089.md) (target)

## Sources

- [tirereview.com](https://www.tirereview.com/michelin-group-to-acquire-camso/), 2018-07-12: "By joining forces with Camso, Michelin will create the world’s number one OTR market player, headquartered in Quebec."
- [farm-equipment.com](https://www.farm-equipment.com/articles/15829-michelin-strengthens-specialty-businesses-with-camso-acquisition), 2018-07-12: "By joining forces with Camso, Michelin will create the world’s number one OTR market player, headquartered in Quebec."
- [equipmentjournal.com](https://www.equipmentjournal.com/construction-news/quebec-global-otr-tire-michelin-camso/), 2018-07-12: "The headquarters of this global business will be here."
- [im-mining.com](https://im-mining.com/2018/07/13/michelin-acquiring-otr-mining-tyres-specialist-camso/), 2018-07-13: "By joining forces with Camso, Michelin will create the world's number one OTR market player, headquartered in Quebec."
- [tirereview.com](https://www.tirereview.com/michelin-camso-acquisition-perfect-match/), 2018-07-13: "The combined organizations create a positive partnership, both companies said."
- [forkliftaction.com](https://www.forkliftaction.com/newsletter/archive/0883.htm), 2018-08-02: "Michelin will acquire Camso, headquartered in Magog, Quebec, Canada, and the two companies’ off-the-road (OTR) operations will be combined to form a new division."

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