Nokian acquires tyre retail chain in Czech Republic
Nokia, Finland--Nokian Tyres plc has announced the acquisition of Andel Export-Import spol sro in the Czech Republic.
Andel is Nokian's import agency in the Czech Republic, and has a tyre wholesale business. In a statement, Nokian said, "the acquisition enables Nokian Tyres to concentrate its Eastern and Western European logistics operations in Prague. The company aims at getting a stronger foothold in the rapidly growing East European winter tyre markets."
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Press release from Nokian
Yahoo! (UK) story