Acquiring Company
Tuhu
Acquired Company
mycar Tyre & Auto
China
AustraliaAutomotiveAutomotiveDescription
Continental has announced the sale of its subsidiary mycar Tyre & Auto to Tuhu, with the transaction valued at approximately EUR 250 million. This acquisition is subject to regulatory approvals and includes over 1,600 employees and around 280 stores. mycar Tyre & Auto is expected to remain a distribution partner for Continental tires in Australia following the completion of the sale.
Fundz sees it the moment Tuhu makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired mycar Tyre & Auto?
mycar Tyre & Auto was acquired by Tuhu, based in China. The deal was reported on October 3, 2026. Tuhu is a leading provider of automotive services in China. The company has extensive experience in the automotive sector and is focused on enhancing service quality and customer satisfaction. Tuhu is privately held and operates in Automotive.
When did Tuhu acquire mycar Tyre & Auto?
Tuhu's acquisition of mycar Tyre & Auto was reported on October 3, 2026. Continental has announced the sale of its subsidiary mycar Tyre & Auto to Tuhu, with the transaction valued at approximately EUR 250 million. This acquisition is subject to regulatory approvals and includes over 1,600 employees and around 280 stores. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does mycar Tyre & Auto do?
mycar Tyre & Auto is an Australian automotive servicing company offering quality car maintenance and tyre services. The company has a national presence with a network of service centres. It is privately held, operating in Automotive, and is based in Australia.
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