ERJ staff report (DS)
Tokyo - Bridgestone Corp. has said its Thai subsidiary has agreed to acquire Shell Autoserv (Thailand) Co., Ltd. ("SAT") from Shell Group company. SAT owns 64 "Shell Autoserv" stores in the capital city of Bangkok and in other locations throughout the country, which is an independent network and provides car maintenance service including tyre and lubricant sales. In a related deal, Bridgestone's Malaysian subsidiary bought eight Autoserv car maintenance shops from Shell in Malaysia.
Bridgestone said it has an existing retail network of 178 stores in Thailand and 201 stores in Malaysia, consisting of both company-owned stores and franchise shops, which provide car maintenance services, with a primary focus on tyre sales. This acquisition is one of measures in line with our channel strategy. The addition of 64 stores in Thailand and 8 in Malaysia will further strengthen the Bridgestone Group's retail presence and enhance the Bridgestone Group's ability to respond to continuing growth in tire demand in Thailand and Malaysia.
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Press release from Bridgestone