Michelin Acquires 100% Ownership Of Allopneus SAS

Michelin has purchased 100% of Allopneus SAS, the French leader in online tyre sales and fitting for private persons. Michelin has owned 40% of the stock of the company, which was created in 2004 by the Blaise family, since 2015.

Michelin consolidates its e-commerce footprint in France with this acquisition. From online information seeking and tyre-fitting, the Group aspires to expand its understanding of customer behaviour and the purchasing process in order to continue to provide the best possible experience.

One of the structural trends in the tyre market is the growth of e-commerce. In the weeks leading up to the purchase of new tyres, 2 out of 3 motorists have turned to the internet for information. Today, 15% of these people make their purchases online, a trend that is projected to continue in the coming years.

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Now Michelin Allopneus SAS was based in Aix-en-Provence, has witnessed rapid expansion since 2004. Currently, the firm controls 40% of the French online tyre sales industry to private individuals. Allopneus employs 292 employees and includes a logistics centre in Valence. It works with 6,000 partner fitting shops. The company distributes 3.6 million touring tyres each year and receives over 27 million visits to its website.

The acquisition of 100% ownership of Allopneus SAS is subject to approval from the French Competition Authority.

About Michelin Group:

The Michelin Group is a global company headquartered in Clermont-Ferrand, France. Founded in 1889, the Michelin Group provides tyres to over 170 countries. The Michelin Group makes tyres locally for your specific needs and road conditions in one of our 69 production facilities around the world. Michelin's 114,000 employees are committed to making the safest and most relevant tyres for you. Michelin are leaders in innovation and sustainable development for the mobility of people and goods.

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Also See: Bridgestone Gets General Motors’ 29th Annual Supplier Of The Year Award

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