CEAT Limited has made a significant leap in its off-highway tyre (OHT) growth strategy by acquiring Michelin Group’s CAMSO Construction Compact Line Business, including two Sri Lanka-based facilities—the Midigama plant and the Casting Product plant in Kotugoda. The transaction also gives CEAT global ownership of the CAMSO brand, which will be permanently assigned after a three-year licensing period.This strategic acquisition marks a major milestone for CEAT in becoming a global leader in the high-margin OHT market. The company, which has built a strong agricultural tyre portfolio over the past decade, will now expand further with CAMSO’s expertise in tyres and tracks for compact construction equipment. This integration opens access to over 40 global OEMs and premium international distributors.Michelin, as part of the deal, will exit its compact line bias tyres and construction tracks businesses, paving the way for CEAT to consolidate this segment under its banner.Strengthening India–Sri Lanka Investment TiesSpeaking on the occasion, H.E. Santosh Jha, High Commissioner of India to Sri Lanka, said:“India has been the largest source of FDI in Sri Lanka, and I am pleased to see this trend continue. CEAT’s investment deepens bilateral economic ties and supports the shared prosperity vision championed by both nations' leadership.”Leadership RemarksArnab Banerjee, MD & CEO of CEAT Limited, called the acquisition a “pivotal step” in CEAT’s long-term strategy:“This integration will boost our product portfolio, capabilities, and geographical reach. It positions CEAT as a formidable player in off-highway mobility.”Echoing this, Amit Tolani, Chief Executive of CEAT Specialty, stated:“Our immediate focus is ensuring a seamless transition, maintaining customer satisfaction, and enhancing operations in Sri Lanka.”With CAMSO’s renowned brand and manufacturing capabilities now under its umbrella, CEAT is poised to become one of the most trusted global names in off-highway tyres and tracks, aligning with its vision of sustainable and expansive international growth.