M&A Deal Summary

Michelin Acquires PT Multistrada Arah Sarana TBK

On January 22, 2019, Michelin acquired automotive company PT Multistrada Arah Sarana TBK for 439M USD

Acquisition Highlights
  • This is Michelin’s 7th transaction in the Automotive sector.
  • This is Michelin’s 4th largest (disclosed) transaction.
  • This is Michelin’s 1st transaction in Indonesia.

M&A Deal Summary

Date 2019-01-22
Target PT Multistrada Arah Sarana TBK
Sector Automotive
Buyer(s) Michelin
Deal Type Add-on Acquisition
Deal Value 439M USD

Target

PT Multistrada Arah Sarana TBK

Jakarta Barat, Indonesia
PT Multistrada Arah Sarana TBK produces radial tire for two-wheeled vehicles – Corsa and four-wheeled vehicles – Achilles. PT Multistrada Arah Sarana was founded in 1988 and is based in Jakarta Barat, Indonesia.

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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 18 of 20
Sector: Automotive M&A 7 of 7
Type: Add-on Acquisition M&A Deals 13 of 15
Country: Indonesia M&A 1 of 1
Year: 2019 M&A 1 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 Fenner Group Holdings

Hessle, United Kingdom

Fenner is a reinforced polymer technology company focused on providing conveyor belt solutions and reinforced polymer products for the mining and general industrial markets.

Buy £1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 Masternaut

London, United Kingdom

Masternaut Ltd. is a fleet telematics service provider. Masternaut provides solutions for fleet tracking and optimization, driver behaviour improvement and digital transformation. Masternaut Ltd. was founded in 2014 and is based in London, United Kingdom.

Buy -