Tyre maker Ceat on Tuesday said it expects the Camso brand integration with itself to give a 10-15 per cent boost to its topline.
The Mumbai-headquartered firm reported revenue of Rs 13,218 crore for FY25.
Last December, Ceat entered into a definitive agreement with Michelin to acquire its Camso brand’s off-highway construction equipment bias tyres and tracks business for about USD 225 million.
Ceat is currently in the process of integrating Camso with itself.
“Once we integrate it fully across the supply chain, the immediate topline impact could be 10-15 per cent. The bottom line impact in terms of margin accretion, etc, would take some time to kick in about four to six quarters,” Ceat MD and CEO Arnab Banerjee said in a virtual press conference.
The company expects the deal to be overall margin accretive for it, he added.
The Camso acquisition, according to the tyre maker, is significant for its ambition to become a leading global player in the high-margin off-highway tyres (OH
​Tyre maker Ceat on Tuesday said it expects the Camso brand integration with itself to give a 10-15 per cent boost to its topline.
The Mumbai-headquartered firm reported revenue of Rs 13,218 crore for FY25.
Last December, Ceat entered into a definitive agreement with Michelin to acquire its Camso brand’s off-highway construction equipment bias tyres and tracks business for about USD 225 million.
Ceat is currently in the process of integrating Camso with itself.
“Once we integrate it fully across the supply chain, the immediate topline impact could be 10-15 per cent. The bottom line impact in terms of margin accretion, etc, would take some time to kick in about four to six quarters,” Ceat MD and CEO Arnab Banerjee said in a virtual press conference.
The company expects the deal to be overall margin accretive for it, he added.
The Camso acquisition, according to the tyre maker, is significant for its ambition to become a leading global player in the high-margin off-highway tyres (OHÂ
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