Magna Tyres Group announces the acquisition of Forrez, the renowned Belgium-based tyre specialist and mobility service provider. The transaction marks the sixth strategic acquisition completed by the group in just a few years and a significant step forward in building a truly global tyre solutions platform.

A Growing International Organisation

Over the past years, Magna Tyres Group has evolved from an ambitious tyre manufacturer into a rapidly expanding international organisation with a growing portfolio of companies, service divisions and distribution networks across Europe, Africa, Asia, Australia and the USA. Through continuous investment in innovation, service capabilities and strategic acquisitions, the group has significantly strengthened its global market position.

The acquisition of Forrez marks the sixth strategic acquisition completed by Magna Tyres Group in just a few years, underlining the company’s ambitious growth strategy and commitment to building a truly global tyre solutions platform.

Today, Magna Tyres Group consists of a broad range of specialised companies and brands, including:

Forrez: A Trusted Partner with Decades of Expertise

Founded in Belgium, Forrez has built a strong reputation over decades as a trusted partner in tyre services, fleet solutions, industrial tyres and vehicle maintenance. The company is recognised for its technical expertise, strong customer relationships and high service standards across the transport, industrial, agricultural and automotive sectors.

The partnership between Magna Tyres Group and Forrez creates strong operational and commercial synergies by combining international scale and purchasing power with local market expertise and customer proximity.

A Clear Growth Trajectory

Following the acquisition, the combined group is expected to generate an estimated annual turnover of €275 million in 2026, providing a strong foundation for the next phase of growth. The transaction is fully aligned with Magna Tyres Group’s long-term strategic roadmap, which targets the creation of a €650 million global tyre solutions group by 2029 through a combination of organic growth, international expansion and strategic acquisitions.

Michael de Ruijter, President of Magna Tyres Group, commented:

“The growth of Magna Tyres Group over the past years has been driven by a clear long-term vision: building a strong international organisation with local expertise at its core. Forrez is an excellent fit within our group. Their reputation, technical knowledge and customer-focused culture align perfectly with our strategy and values. Together, we will continue strengthening our position in Europe while further improving the service and support we provide to our customers worldwide. We remain focused on creating long-term value for our customers, employees, partners and shareholders.”

Christine Forrez & Geert Mertens, Forrez, added:

“Joining Magna Tyres Group marks an important new chapter for Forrez. We are proud of the company we have built and the relationships we have developed with our customers and partners over many years. Becoming part of Magna Tyres Group gives us access to an international network, additional expertise and new growth opportunities, while maintaining the entrepreneurial spirit and service quality that define our organisation.”

Continuity Guaranteed

Forrez will continue operating under its established name and management structure, ensuring full continuity for existing customers and partners. Magna Tyres Group intends to support the company with additional investments in operational development, product availability and future expansion opportunities.

Tagged: International Tire Business

Magna Tyres Group Strengthens European Position with Acquisition of Forrez