Magna Tyres Group (headquartered in the Netherlands) announces the acquisition of Telescope Tyres Group, a leading Australian tyre and service specialist with multiple branches across regional New South Wales. This acquisition marks another strategic step in Magna Tyres’ ongoing global growth and commitment to strengthening its position in key markets worldwide.
Strategic expansion in Australasia
Through this acquisition, Magna Tyres significantly enhances its presence in the Australasian market. Telescope Tyres’ strong local brand, customer trust, and service expertise will complement Magna’s international scale, product range, and operational excellence.
Key benefits of the acquisition include:
– Stronger regional presence in Parkes, Dubbo, Gunnedah and Cowra, New South Wales.
– Expanded service offering, combining Telescope Tyres’ on-site, mechanical, and fleet solutions with Magna’s global product portfolio.
– Operational synergies, enabling improved logistics, supply chain efficiency and service reliability across the region.
– Continued local leadership, ensuring customer continuity and community connection.
Telescope Tyres will continue operating under its existing brand in the near term, supported by Magna Tyres’ global resources, systems and network integration.
Michael de Ruijter, CEO of Magna Tyres Group, said:
“Australia is a vital market in our international growth strategy, and Telescope Tyres is a highly respected name with a strong local reputation. Their customer focus and service quality align perfectly with Magna’s values. Together, we will build a stronger, more capable business that can serve customers with even greater efficiency and reliability.”Nathan Johnston, Managing Director of Telescope Tyres Group, commented:
“Joining Magna Tyres marks an exciting new chapter for our company, our people and our customers. We are proud of our local heritage and long-standing relationships, and with Magna’s global expertise and resources, we are well-positioned to deliver even greater value while staying true to who we are.”
Aldo Gismondi, Managing Director of Magna Tyres Australia, said:
“The Telescope acquisition strategically positions MTA on the East Coast given the acquisition of Fennell Tyres International on the West Coast of Australia in 2021 and brings consolidated revenue to 75-80m annually.”
The acquisition will close in January 2026. Telescope Tyres’ management and employees will continue in their current roles. Magna Tyres will invest in technology, training and infrastructure to support sustainable growth.
The combined entity will explore further opportunities to strengthen its network across Australia and New Zealand.