Home / Press / Apollo Tyres successfully advised by CMS on acquisition...

Apollo Tyres successfully advised by CMS on acquisition of reifencom Group

19/11/2015

Cologne – Tyre manufacturer Apollo Tyres Ltd., headquartered in the Indian city of Gurgaon, has acquired the Bielefeld-based reifencom Group. The purchase price was around EUR 45.6 million. The acquisition of reifencom is part of Apollo Tyres’ strategy to expand its European business. The transaction is currently awaiting approval from the competition authorities.

A team from CMS Germany led by Dr Richard Mayer-Uellner and Klaus Jäger advised Apollo Tyres Ltd. on all legal aspects of the acquisition. The transaction was conducted to a very tight schedule. CMS regularly acts for Apollo Tyres on transactions, with CMS Netherlands advising on the acquisition of Dutch tyre manufacturer Vredestein and other transactions being handled recently in Eastern Europe.

Apollo Tyres Ltd. is a listed company established in 1972, specialising in the manufacture and sale of tyres. It has production facilities in Asia and Europe, and a sales presence in more than 100 countries. The company generated sales of around USD 2.1 billion in the 2012/2013 financial year. Apollo has some 15,000 employees worldwide.

reifencom is Germany's first specialist tyre discounter, offering a broad range of low-cost branded tyres. reifencom GmbH has online shops in six countries – Germany, France, Italy, Austria, Switzerland and Denmark. The company also operates 37 branches and service centres throughout Germany. reifencom sources tyres and wheels from leading manufacturers, thereby guaranteeing a high level of quality, in line with its mission of offering top-class products and services at competitive Prices.

CMS Hasche Sigle

Dr Richard Mayer-Uellner
Klaus Jäger, both Lead Partner
Erdinc Ünükür
Annemarie Eva Lietmeyer, all Corporate
Michael Kamps
David Ziegelmayer, both IT and IP
Lars Eckhoff
Judith Börner, both Commercial
Prof. Björn Gaul
Tobias C Hahne
Gero Müller, all Employment
Philipp Schönnenbeck
Christoph Grenz, both Real Estate
Dr Michael Bauer
Kirsten Baubkus, both Merger Control

Press Contact
presse@cms-hs.com

press and media camera ,video photographer on duty in public news coverage event for reporter and mass media communication
Press releases
Apollo Tyres successfully advised by CMS on acquisition of reifencom Group
Download
PDF 113.2 kB

Related people

Portrait ofRichard Mayer-Uellner
Dr. Richard Mayer-Uellner, LL.M. (University College London)
Partner
Cologne
Portrait ofKlaus Jäger
Klaus Jäger
Partner
Cologne
Portrait ofLars Eckhoff
Lars Eckhoff, LL.M. (Victoria University of Wellington)
Partner
Cologne
Portrait ofMichael Kamps
Michael Kamps
Partner
Cologne
Portrait ofMichael Bauer
Dr. Michael Bauer
Partner
Brussels - EU Law Office
Portrait ofBjörn Gaul
Prof. Dr. Björn Gaul
Partner
Cologne
Portrait ofPhilipp Schönnenbeck
Philipp Schönnenbeck, LL.M.
Partner
Duesseldorf
Ünükür Erdinc
Dr. Christoph Finkelnburg
David Ziegelmayer
Tobias C Hahne
Gero Müller, LL.M. (University of Queensland)
Show more Show less