Michelin to partner with auto parts distributor Mobivia

Lille, France – Groupe Michelin and Mobivia PLC, a European multi-brand vehicle servicing and parts distributor, have agreed to work together to support the development of Auto-Teile-Unger (ATU), a Mobivia business active in Germany, Austria and Switzerland.

As part of the deal, Michelin has purchased a 20% ownership stake in ATU, the Weiden, Germany-based distributor that Mobivia acquired in December 2016.

ATU operates 577 auto service centers in Germany, 25 in Austria and 6 in Switzerland, generating more than $1.1 billion (€889,000) in revenue annually from the…

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