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CEAT completes purchase of Michelin’s Camso Group
03 September 2025
Farmax R85 agricultural tyre (Photo: CEAT)
India-headquartered tyre manufacturer CEAT has finalised its acquisition of Michelin’s Camso Group. The transaction, first announced at the end of 2024, was valued at about $225 million.
Camso manufactures tyres and tracks for off-highway equipment, together with a series of products for other vehicle and machine categories.
Included in the deal are the Midigama and Kotugoda manufacturing plants in Sri Lanka.
Over the past decade, CEAT has been building a portfolio of tyre products for agricultural applications. With the purchase of the Camso Group the company is set to grow its offering for the OTR market.
Amit Tolani, chief executive, CEAT Specialty, said: “This acquisition is a transformative step for CEAT Specialty as it significantly enhances our capabilities in the Off Highway tyres and tracks segment.
“By integrating Camso’s manufacturing expertise and innovation-driven approach, we are poised to provide even greater value to our customers. We look forward to building on the legacy of the Camso brand while strengthening our position as a one stop shop of all off-highway tire and track needs.”
CEAT, which was first established in Italy in 1924, is now one of India’s leading tyre producers. The company is part of RPG Enterprises.
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