Archive · 27 Jan 2026
Emerald Tyre to Acquire 65% Stake in South African Company
Emerald Tyre, a big Indian company that makes tyres for trucks and machines, is buying a large part of a South African company called SA Rubber Engineering.
This deal will help Emerald Tyre sell more tyres in Africa and the US.
The South African company has a good network for selling tyres and knows a lot about making tyres for big machines.
Emerald Tyre will pay ₹14 crore for this deal, and it should be finished in about 6-8 months.
The leader of Emerald Tyre says this is a smart move to grow their business in new places.
Emerald Tyre Manufacturers Limited (ETML) is acquiring a 65% stake in SA Rubber Engineering Pty. Ltd., South Africa.
The deal involves an investment of up to ₹14 crore and is expected to close within 6-8 months.
SA Rubber Engineering will operate as a subsidiary of ETML, serving as a launchpad for the US market.
The acquisition aims to expand ETML's presence in high-growth African industrial and mining tyre segments.
ETML's Chairman and Managing Director views this as a long-term commitment focused on operational alignment and scale.
- Who
- Emerald Tyre Manufacturers Limited (ETML)
- What
- Acquisition of 65% stake in SA Rubber Engineering Pty. Ltd.
- When
- Proposed acquisition approved on 22 January 2026
- Where
- South Africa
- Why
- To expand in African and US markets, leveraging SA Rubber Engineering's distribution network and expertise
- Company
- Emerald Tyre Manufacturers Limited (ETML)
- Target Company
- SA Rubber Engineering Pty. Ltd.
- Stake Acquired
- 65%
- Investment Amount
- ₹14 crore
- Expected Completion
- 6-8 months
- Headquarters
- Chennai, Tamil Nadu, India
- Target Location
- South Africa
- Strategic Goal
- Expand in African and US markets