Magna Tyres Group has announced a strategic partnership with Belgian tire specialist and mobility service provider Forrez, marking a significant step in accelerating its European growth.
Under this merger, Magna Tyres Group will become the majority shareholder of Forrez, alongside the Forrez-Mertens family, who will remain actively involved in the company.
This milestone strengthens Magna Tyres Group’s market position in Europe and reflects the shared ambition of both parties to drive further expansion together.
Over the years, Magna Tyres Group has evolved from an ambitious tire manufacturer into a rapidly growing international organization, with a broad portfolio of companies, service divisions, and distribution networks across Europe, Africa, Asia, Australia, and the United States.
The partnership with Forrez represents a key next step in its international growth strategy, following six strategic collaborations that underscore its commitment to building a global tire platform.
Forrez, known for its technical expertise and strong customer relationships, brings deep market knowledge in Belgium, the Benelux, and France, particularly in truck, industrial, and agricultural tires, as well as specialized wheel solutions for OEM and replacement markets.
The combined strengths of Magna Tyres Group and Forrez create strong operational and commercial synergies, blending global scale and purchasing power with local market insights. Together, they aim to achieve an estimated annual revenue of 275 million euros in 2026, laying a solid foundation for the next phase of growth.
This partnership aligns with Magna Tyres Group’s long-term strategy to become a global tire solutions group with a revenue target of 650 million euros by 2029, driven by organic growth, international expansion, and strategic partnerships.
