Michelin, a prominent global manufacturer and distributor of tyres, has completed its acquisition of ČEMAT in the Czech Republic and Slovakia. The law firm HAVEL & PARTNERS acted as the legal consultant on the part of the seller in the transaction. ČEMAT is a major provider of mobile servicing and maintenance services for special industrial and construction machine tyres and is one of the largest suppliers of products for handling, construction and agricultural equipment.

A legal team consisting of the law firm’s partners Petr Dohnal and Jan Koval and senior associate Ivo Skolil provided comprehensive transactional advice to the sole owner of ČEMAT in the Czech Republic and Slovakia.

“ČEMAT, as a major player on the market that continues to see strong further potential for growth, perceives the merger with such a strong multinational strategic partner as an opportunity for further achievements, strategic development, improvement in internal organisation and strengthening the internal stability of the Czech and Slovak ČEMAT companies,” Michal Džupin, the executive director of the Czech company, commented on the acquisition.

ČEMAT has been a major supplier of industrial tyres and the provider of related servicing in the Czech Republic and Slovakia for over 25 years. The company supplies tyres for handling, construction and agricultural equipment, special wheels and pulleys, load-bearing forks and attachments. It also offers construction and agricultural belts and conveyor systems.

For Michelin, this is a significant acquisition that will strengthen the company’s position on the Czech and Slovak markets and expand its activities in handling, construction and agricultural equipment and the distribution of special tyres in Central Europe.