Magna Tyres Group has announced the acquisition of Belgian tyre specialist and mobility service provider Forrez, further strengthening its position in the global tyre market and marking the sixth strategic acquisition completed by the company in recent years.
The deal represents another significant step in Magna Tyres Group’s expansion strategy as it continues to build an international tyre solutions platform with operations spanning Europe, Africa, Asia, Australia and the United States.
Founded in Belgium, Forrez has developed a strong reputation for tyre services, fleet solutions, industrial tyres and vehicle maintenance. The company serves customers across the transport, industrial, agricultural and automotive sectors and is recognised for its technical expertise and long-standing customer relationships.
According to Magna Tyres Group, the acquisition will create strong operational and commercial synergies by combining Forrez’s local market knowledge and service capabilities with the group’s international reach, purchasing power and product portfolio.
The addition of Forrez further expands Magna Tyres Group’s growing network of specialised businesses, which includes Magna Tyres, Fennel Tyres International, Industra Tyres & Lubricants, Tirepoint, Telescope Tyres Group and OBO Tyres.
Following the acquisition, the combined organisation is expected to generate annual revenues of approximately €275 million in 2026. The transaction supports Magna Tyres Group’s long-term objective of creating a €650 million global tyre solutions business by 2029 through a combination of organic growth, international expansion and further acquisitions.
Michael de Ruijter, President of Magna Tyres Group, said Forrez’s reputation, technical expertise and customer-focused approach make it a strong fit within the organisation and support the group’s strategy of combining international scale with local expertise.
Forrez will continue to operate under its existing name and management structure, ensuring continuity for customers and business partners. Magna Tyres Group also plans to support the company through additional investments in operational development, product availability and future growth initiatives.
