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Chandra Asri to acquire Cycle & Carriage for expansion

PRIVATESep 24, 2026about 3 hours ago

Acquiring Company

Chandra Asri Pacific

Acquired Company

Cycle & Carriage

SingaporeSingaporeManufacturingEnergyOil And GasManufacturingAutomotive

Description

Chandra Asri Pacific has signed a conditional agreement to acquire Cycle & Carriage's businesses in Singapore and Malaysia. This acquisition will extend Chandra Asri's portfolio into automotive distribution, enhancing its existing operations in energy and chemicals. The deal is expected to close by February 28, 2027.

Company Information

Company

Chandra Asri Pacific

Location

Singapore

About

Chandra Asri Pacific is a leading integrated petrochemical company in Indonesia. It produces a wide range of products for various industries, including automotive and packaging. The company focuses on sustainable and efficient production processes. Chandra Asri aims to enhance its service offerings through strategic acquisitions.

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Frequently asked

Who acquired Cycle & Carriage?

Cycle & Carriage was acquired by Chandra Asri Pacific, based in Singapore. The deal was reported on September 24, 2026. Chandra Asri Pacific is a leading integrated petrochemical company in Indonesia. It produces a wide range of products for various industries, including automotive and packaging. Chandra Asri Pacific is privately held and operates in Manufacturing.

When did Chandra Asri Pacific acquire Cycle & Carriage?

Chandra Asri Pacific's acquisition of Cycle & Carriage was reported on September 24, 2026. Chandra Asri Pacific has signed a conditional agreement to acquire Cycle & Carriage's businesses in Singapore and Malaysia. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Cycle & Carriage do?

Cycle & Carriage is a significant automotive distributor in Singapore and Malaysia. It represents several major automotive brands including Mercedes-Benz and Mitsubishi. The company is involved in automotive distribution, dealerships, and after-sales services. It is privately held, operating in Manufacturing, and is based in Singapore.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.