Apollo Tyres acquires German tyre distributor Reifencom GmbH

Q.  Apollo Tyres has acquired which German based tyre firm:
- Published on 18 Nov 15

a. MRF
b. Reifencom
c. Cooper Tires
d. Continental AG

ANSWER: Reifencom
 
Apollo Tyres has acquired German based tyre distributor Reifencom GmbH for Euro 45.6 million (around INR 301 crore). This is one of the largest tyre distributors in the country and it has online presence in 5 other nations-France, Italy, Austria, Switzerland and Denmark plus it operates 37 stores and service centres across Germany. This acquisition is a strategic fit for Apollo Tyres given its growing European business.

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