Magna Tyres Group has announced the acquisition of Belgian tyre and mobility services company Forrez, marking the sixth strategic acquisition completed by the Dutch-based group in recent years.
Forrez Joins Magna Tyres Group
The deal strengthens Magna Tyres’ presence in Europe and forms part of its strategy to build a global tyre solutions platform through a combination of organic growth, international expansion and targeted acquisitions.
Founded in Belgium, Forrez has established itself as a provider of tyre services, fleet solutions, industrial tyres and vehicle maintenance, serving customers across the transport, industrial, agricultural and automotive sectors. The company is recognised for its technical expertise and strong customer relationships developed over several decades.
According to Magna Tyres, the acquisition will combine Forrez’s local market knowledge and service capabilities with the group’s international footprint, creating opportunities for operational and commercial synergies.
The transaction is expected to contribute to an estimated combined annual turnover of €275 million in 2026, while Magna Tyres has outlined a longer-term objective of building a €650 million global tyre solutions group by 2029.
Michael de Ruijter, President of Magna Tyres Group, said: “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.”
Christine Forrez and Geert Mertens of Forrez said: “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.”
Following the acquisition, Forrez will continue operating under its existing name and management structure, while Magna Tyres said it plans to support the business through further investment in operations, product availability and future growth initiatives. The acquisition further expands Magna Tyres Group’s portfolio, which already includes Magna Tyres, Fennel Tyres International, Industra Tyres & Lubricants, Tirepoint, Telescope Tyres Group and OBO Tyres.
