Brussels – Bridgestone EMEA is planning to acquire Speedy France, a major car service retail company and tire networks in France, the company announced on 30 May.
The acquisition is subject to approvals by regulatory authorities.
Teaming up with Speedy, said Bridgestone, will increase direct access to end-users in France as one of its core European markets.
Once this transaction is completed, Bridgestone’s presence in France will be expanded to more than 800 retail outlets, the company added.
“We consider Speedy to be a strong strategic fit, with a premium customer mix, extended geographical coverage and a focus on service quality,” said Eduardo Minardi, executive chairman and CEO of Bridgestone EMEA.
“Given Speedy’s performance improvements in the past years, we want its CEO Jacques Le Foll and his team to continue to manage their activities in line with their strategic plan,” Minardi added.