Magna Tyres Group has announced the acquisition of Forrez, the renowned Belgium-based tyre specialist and mobility service provider. The acquisition represents another major milestone in Magna Tyres Group’s international growth strategy and further strengthens the company’s position in the European market.
Over the past years, Magna Tyres Group has evolved from an ambitious tyre manufacturer into a rapidly expanding international organisation with a growing portfolio of companies, service divisions and distribution networks across Europe, Africa, Asia, Australia and the USA. Through continuous investment in innovation, service capabilities and strategic acquisitions, the group has significantly strengthened its global market position.
The acquisition of Forrez marks the sixth strategic acquisition completed by Magna Tyres Group in just a few years, underlining the company’s ambitious growth strategy and commitment to building a truly global tyre solutions platform.
The addition of Forrez further enhances Magna Tyres Group’s long-term ambition to further expand its service capabilities and strengthen its position as a full-service tyre solutions provider.
Founded in Belgium, Forrez has built a strong reputation over decades as a trusted partner in tyre services, fleet solutions, industrial tyres and vehicle maintenance. The company is recognised for its technical expertise, strong customer relationships and high service standards across transport, industrial, agricultural and automotive sectors in Belgium. The company is a well-established supplier of truck, industrial and agricultural tyres in the Benelux and France. Furthermore, it operates a specialised agricultural wheel production facility, delivering complete wheel solutions to OEMs and replacement market customers.
The partnership between Magna Tyres Group and Forrez creates strong operational and commercial synergies by combining international scale and purchasing power with local market expertise and customer proximity.
Following the acquisition, the combined group is expected to generate an estimated annual turnover of €275 million in 2026, providing a strong foundation for the next phase of growth. This transaction is fully aligned with Magna Tyres Group’s long-term strategic roadmap, which targets the creation of a €650 million global tyre solutions group by 2029 through a combination of organic growth, international expansion and strategic acquisitions.
Michael de Ruijter, President of Magna Tyres Group, commented: “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. Together, we will continue strengthening our position in Europe while further improving the service and support we provide to our customers worldwide. We remain focused on creating long-term value for our customers, employees, partners and shareholders.”
Christine Forrez & Geert Mertens, Forrez, added: “Joining Magna Tyres Group marks an important new chapter for Forrez. We are proud of the company we have built and the relationships we have developed with our customers and partners over many years. 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.”
Forrez will continue operating under its established name and management structure, ensuring continuity for customers and partners. Magna Tyres Group intends to support the company with additional investments in operational development, product availability and future expansion opportunities.
