M&A Deal Summary

Michelin Acquires Industrial Levorin S.A.

On August 26, 2016, Michelin acquired automotive company Industrial Levorin S.A.

Acquisition Highlights
  • This is Michelin’s 3rd transaction in the Automotive sector.
  • This is Michelin’s 2nd transaction in Brazil.

M&A Deal Summary

Date 2016-08-26
Target Industrial Levorin S.A.
Sector Automotive
Buyer(s) Michelin
Deal Type Add-on Acquisition

Target

Industrial Levorin S.A.

Guarulhos, Brazil
Industrial Levorin S.A. is a manufacturer of bicycle and motorcycle tires.

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Buyer(S) 1

Buyer

Michelin

Clermont-Ferrand, France

Category Company
Founded 1863
Sector Automotive
Revenue 27.2B EUR (2024)
DESCRIPTION
View of Michelin's North American headquarters in Greenville, South Carolina.
View of Michelin's North American headquarters in Greenville, South Carolina.

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.


DEAL STATS #
Overall 9 of 20
Sector: Automotive M&A 3 of 7
Type: Add-on Acquisition M&A Deals 6 of 15
Country: Brazil M&A 2 of 2
Year: 2016 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-11 Bookatable

London, United Kingdom

Bookatable Ltd. is an online restaurant booking platform that enables customers to browse restaurants based on location, cuisine and make reservations.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-05 ExoTIC Systems SARL

Clermont-Ferrand, France

EXOTIC SYSTEMS has been developing smart devices for other start-ups and big industry names since 2007. In 2017, the company is due to launch a range of connected devices for the agricultural industry.

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