Michelin - M&A Summary and Business Overview

AutomotiveCompany

Michelin M&A Summary

Michelin has acquired 20 companies, including 3 in the last 5 years. A total of 2 acquisitions came from private equity firms.

Michelin’s largest acquisition to date was in 2018, when it acquired Fenner Group Holdings for $2.0B. Michelin has acquired in 3 different US states, and 8 countries. The Company’s most targeted sectors include automotive (35%) and internet software and services (15%).

Michelin Business Overview

Where is Michelin headquartered?

Michelin is headquartered in Clermont-Ferrand, France.

What is Michelin’s revenue?

Michelin disclosed revenue of 28,590M EUR for 2022 and 23,795M EUR for 2021.

How many employees does Michelin have?

Michelin has 117,540 employees.

What sector is Michelin in?

Michelin is an automotive company.

When was Michelin founded?

Michelin was founded in 1863.

M&A Summary

  • M&A Total Activity20
    • M&A Buy Activity20
  • Total Sectors Invested 11
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 3

Michelin

Compagnie Generale des Etablissements Michelin SCA

23, Place Des Carmes Dechaux Cedex 9,
Clermont-Ferrand, 63040
France,
+33 4 73 32 20 00
www.michelin.com

Michelin is a manufacturer and marketer of tires for every type of vehicle, including airplanes, automobiles, bicycles/motorcycles, earthmovers, farm equipment and trucks. It also offers electronic mobility support services on ViaMichelin.com and publishes travel guides, hotel and restaurant guides, maps and road atlases. Michelin was founded in 1863 and is based in Clermont-Ferrand, France.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 19 - - - 1 - 20
vol $3.2B $789M $4.0B
Sell (0.0/yr) # - - - - - - 0
  20

Most Recent M&A

Company Date Value Type
Flex Composite Group 2023-06-19 789M EUR Add-on Acquisition
Paris, France · www.flexcompositegroup.com
Masternaut Ltd. 2019-05-16 - Add-on Acquisition
London, United Kingdom · www.masternaut.com
PT Multistrada Arah Sarana TBK 2019-01-22 439M USD Add-on Acquisition
Jakarta Barat, Indonesia · www.multistrada.co.id
Fenner Group Holdings Ltd. 2018-03-19 2.0B GBP Add-on Acquisition
Hessle, United Kingdom · www.fenner.com
PTG Reifendruckregelsysteme GmbH 2017-11-13 - Add-on Acquisition
Neuss, Germany · www.ptg.info
Téléflow S.A.S. 2017-11-13 - Add-on Acquisition
Mably, France · www.teleflow.net
Tructyre Fleet Management Ltd. 2017-10-24 - Add-on Acquisition
Eastleigh, United Kingdom · www.tructyre.co.uk
NexTraq, Inc. 2017-06-14 - Divestiture
Atlanta, Georgia · www.nextraq.com
Editions Mondéos 2017-01-26 - Add-on Acquisition
Paris, France
Restaurantes.com 2016-12-20 - Add-on Acquisition
Barcelona, Spain · www.restaurantes.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Michelin North America, Inc.    - Lehigh Technologies, Inc. 2017-10-18 2
Greenville, South Carolina · www.michelinman.com Tucker, Georgia · www.lehightechnologies.com

M&A by Sector

Sector Buy # Value Sell # Value
Automotive 7 (35%) 508M (13%) - -
Internet Software and Services 3 (15%) - - -
Retail 2 (10%) 77M (2%) - -
Information Technology 1 (5%) - - -
Machinery 1 (5%) 2.0B (51%) - -
Manufacturing 1 (5%) 789M (20%) - -
Metals/Mining 1 (5%) - - -
Publishing 1 (5%) - - -
Safety/Security 1 (5%) 586M (15%) - -
Software 1 (5%) - - -
Technology Hardware 1 (5%) - - -
Total 20 $4.0B - -

By Geo

State/Country Buy Value Sell Value
France 5 789M - -
United Kingdom 5 2.1B - -
United States 3 69M - -
  South Carolina 1 69M - -
  Indiana 1 - - -
  Georgia 1 - - -
Brazil 2 586M - -
Germany 2 - - -
Indonesia 1 439M - -
Ireland 1 - - -
Spain 1 - - -
Domestic 5 (25%) 789M (20%) - -
Cross-border 15 (75%) 3.2B (80%) - -
Total 20 $4.0B - -

Deal Values

buy # Total
> $1B 1 $2.0B
$100M to $1B 3 $1.8B
< $100M 2 $146M
TOTAL $4.0B
Largest Fenner Group Holdings Ltd.
$2.0B (2018-03-19)

M&A Connections

Deals
Acquired from
Investor(s)
10%
2 (10%)
Strategic(s)
15%
3 (15%)

Company Summary

SECTOR

Automotive

Revenue

28,590   21% 2022
23,795   17% 2021
20,469   16% 2020
24,135   10% 2019
22,028   1% 2018
21,960   6% 2017
20,907   2% 2016
21,199   9% 2015
19,553   4% 2014
20,247   6% 2013
21,474   2012
(millions of EUR) Show More Show Less

Employees

117,540

Established

1863

Public

Euronext: ML

Former Name

Manufacture de Caoutchouc Michelin

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