Lapin Kumi Oy, Finland's largest private tire company, has been sold to Circular Tire Services Europe Holding AB, a move expected to accelerate growth and innovation in the tire industry.
Information on the Target
Lapin Kumi Oy, established in 1947, is the largest private tire company in Finland, specializing in products and services related to tires, rims, and various tire maintenance offerings. Headquartered in Rovaniemi, the company serves customers across Finland and employs approximately 200 personnel. In the fiscal year 2023, Lapin Kumi reported a revenue of around €57 million.
As a family-owned business, Lapin Kumi has rapidly evolved into a leading player in the tire industry in Finland. The acquisition by Circular Tire Services Europe Holding AB represents a strategic move to enhance growth and invest in sustainable business development and digitalization.
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Industry Overview in Finland
The tire industry in Finland is characterized by the strong presence of private companies, offering a range of products and services including tire sales, retreading, and m
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Circular Tire Services Europe Holding AB
invested in
Lapin Kumi Oy
in 2023
in a Buyout deal
Disclosed details
Revenue: $57M