Michelin to acquire Flex Composite Group for €700M

Michelin has agreed to acquire Flex Composite Group (FCG), a European leader in advanced composite materials, from IDI and Andera Partners for an enterprise value of €700 million. The transaction is expected to close in Q3 2023, subject to regulatory approval.

“L’IDI et Andera Partners annoncent avoir conclu un contrat de cession portant sur la totalité du capital de Flex Composite Group (FCG) à Michelin pour une valeur d’entreprise de 700 millions d’euros.”anderapartners.com

• 6 sources
• anderapartners.comL’IDI et Andera Partners annoncent avoir conclu un contrat de cession portant sur la totalité du capital de Flex Composite Group (FCG) à Michelin pour une valeur d’entreprise de 700 millions d’euros - ANDERA PARTNERS :ANDERA PARTNERSNicolas DelsertJun 19, 2023
• cbinsights.comFlex Composite Group - Products, Competitors, Financials, Employees, Headquarters LocationsJun 19, 2023
• webwire.comMichelin announced the acquisition of Flex Composite Group | WebWireJun 22, 2023
• news.michelin.co.ukMichelin announces the acquisition of Flex Composite Group to create a leader in high-tech engineered fabrics and filmsFlorent Menegaux, CEO MichelinJun 26, 2023
• compositesworld.com

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