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07/05/2015
Michelin Acquires Tyre Sales Company For £50m
Michelin Tyres has purchased tyre sales company Blackcircles.com for £50 million.
The Edinburgh firm generated a revenue of £28 million in 2013 and has experienced an annual growth of around 20% per annum since 2008.
Michael Welch, founder of Blackcircles.com, said: "I'm delighted to have found in Michelin a partner who shares our passion for customer service, innovation and technology.
"The strength of the Michelin Group will allow us to underpin the multi-brand offering that we deploy in each garage, on every street corner. I am convinced that our teams, our customers, our garages and our suppliers will rapidly start to see the benefits of this partnership."
CEO of Michelin, Jean-Dominique Senard, said: "Our strategy illustrates our ambition: to be ever more innovative, efficient and proactive for our customers by offering them products and services suited to individual needs, and by simplifying the entire purchase process, from choosing their tyres to having them fitted by professionals."
(LM)
The Edinburgh firm generated a revenue of £28 million in 2013 and has experienced an annual growth of around 20% per annum since 2008.
Michael Welch, founder of Blackcircles.com, said: "I'm delighted to have found in Michelin a partner who shares our passion for customer service, innovation and technology.
"The strength of the Michelin Group will allow us to underpin the multi-brand offering that we deploy in each garage, on every street corner. I am convinced that our teams, our customers, our garages and our suppliers will rapidly start to see the benefits of this partnership."
CEO of Michelin, Jean-Dominique Senard, said: "Our strategy illustrates our ambition: to be ever more innovative, efficient and proactive for our customers by offering them products and services suited to individual needs, and by simplifying the entire purchase process, from choosing their tyres to having them fitted by professionals."
(LM)
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