Continental agrees to sell mycar Tyre & Auto to Tuhu in A$403 million deal
September 25, 2026
Continental has agreed to sell mycar Tyre & Auto, an Australian automotive service and repair chain, to Chinese automotive services company Tuhu for an enterprise value of A$403 million. The deal includes mycar’s ~280 stores and more than 1,600 employees and remains subject to regulatory approvals.
- Buyers
- Tuhu
- Targets
- mycar Tyre & Auto
- Sellers
- Continental
- Industry
- Transportation
- Location
- Australia
- Transaction Type
- Divestiture
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