The sale of the tyre activities of Euromaster Denmark to retreader Vulkan Daek comes after the sale to NDI collapsed
Vulkan Group Expands Retail Operations as it Acquires Danish Euromaster Outlets
The family-owned Vulkan Group takes over Euromaster’s 22 tyre centres in Denmark.
From 1 January 2024, the family-owned Vulkan Group will take over the activities of activities Euromaster Denmark
Euromaster Denmark is part of Euromaster, which is owned by Michelin, which is now selling the Danish activities.
The sale includes the entire Euromaster Denmark network consisting of 22 centres, the sales department, administration and employees.
“We are happy to be able to announce the agreement with Euromaster Denmark today, as we have many things in common. We look forward to continuing to offer a high level of service and contact to customers. We want the merger to create even more value for both employees and customers in the new setup”, says Henrik Nielsen, managing director of Vulkan Dæk.
Euromaster has been trying to sell off the activities in Denmark for a long time. It had previously believed it had a deal with Nordisk Daek Imports and Super Daek. However, the competition authorities in Denmark blocked the sale.
Due to that rejection, which came in June this year, Euromaster Group announced that it intended to leave Denmark at the end of 2023.
This is now happening with a sale to Vulkan Group, which owns Vulkan Dæk, which produces retreaded tires for the transport industry in Denmark, Norway and Sweden.
