365telugu.com online news,September 2nd, 2025: CEAT Limited has taken a decisive step forward in its Off-Highway Tyres (OHT) strategy by acquiring Michelin Group’s CAMSO Construction Compact Line Business, including its Midigama plant and Casting Product facility in Kotugoda, Sri Lanka. The deal also grants CEAT worldwide ownership of the CAMSO brand, to be permanently integrated across categories after a three-year licensing phase.
This strategic acquisition strengthens CEAT’s position as a rising global player in the high-margin OHT space. Over the last decade, CEAT has built a robust agricultural tyre portfolio, and CAMSO’s proven expertise in compact construction equipment tyres and tracks will now give CEAT access to 40+ global OEMs and premium international distributors. As part of this move, Michelin will exit its compact line bias tyres and construction tracks operations.
ఇది కూడా చదవండి…వ్యవసాయ ఆధారిత అంకుర సంస్థలకు పీజేటీఏయూ గుర్తింపు; ఆకుకూరల సాగుకు రోబో ప్రారంభం..
H.E. Santosh Jha, High Commissioner of India to Sri Lanka, welcomed CEAT’s investment, noting that India remains Sri Lanka’s largest FDI source:
“This investment deepens our economic partnership and strengthens the vision of shared prosperity between India and Sri Lanka. I am confident this will further boost bilateral trade and investment ties.”
CEAT’s leadership highlighted the transformative potential of the deal:
- Arnab Banerjee, MD & CEO, CEAT Limited, said: “This acquisition marks a pivotal milestone in our journey to become a significant player in Off-Highway mobility. With enhanced product capabilities and expanded reach, we are well-positioned for sustainable growth.”
- Amit Tolani, Chief Executive, CEAT Specialty, added: “Our priority is a seamless integration of CAMSO’s business, ensuring customer satisfaction and strengthening our Sri Lanka operations.”
With the addition of CAMSO’s compact construction business, CEAT is set to accelerate its vision of becoming the world’s most trusted name in Off-Highway tyres and tracks.