Camso, formerly known as Camoplast Solideal, is a Canadian company that is a manufacturer and service supplier of products for off-the-road vehicles. They serve the material handling, construction, agriculture and powersport industries. Camso manufactures and distributes pneumatic, airless and solid tires, tracks, driven and trailed conversion track systems and OEM undercarriages. The company was founded in 1982, and is based in

Magog, Quebec Magog (; ) is a city in southeastern Quebec, Canada, about east of Montreal at the confluence of Lake Memphremagog—after which the city was named—with the Rivière aux Cerises and the Magog River. It is a major centre and industrial city in ...

, Canada. It also has branches and manufacturing plants in America, Asia and Europe. Camso Research Centers are in Magog ,

Ghent Ghent ( nl, Gent ; french: Gand ; traditional English: Gaunt) is a city and a municipality in the Flemish Region of Belgium. It is the capital and largest city of the East Flanders province, and the third largest in the country, exceeded i ...

Sri Lanka Sri Lanka (, ; si, ශ්‍රී ලංකා, Śrī Laṅkā, translit-std=ISO (); ta, இலங்கை, Ilaṅkai, translit-std=ISO ()), formerly known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an ...

Shanghai Shanghai (; , , Standard Chinese, Standard Mandarin pronunciation: ) is one of the four Direct-administered municipalities of China, direct-administered municipalities of the China, People's Republic of China (PRC). The city is located on the ...

Ho Chi Minh City , population_density_km2 = 4,292 , population_density_metro_km2 = 697.2 , population_demonym = Saigonese , blank_name = GRP (Nominal) , blank_info = 2019 , blank1_name = – Total , blank1_ ...

and has a global workforce of more than 8000 employees.

History

In 1982, Normand Carpentier and Michel Lasalle acquired four Bombardier divisions, including

Roski Roski Composites inc. is a company located in Roxton Falls, Quebec, Canada. The 134 000 ft2 plant specializes in producing molded parts made from composite materials, Site du Regroupement des industries des composites du Québec/ref> mai ...

Ltd., and founded Camoplast Inc. in December 2004, Camoplast purchased the industrial vehicles division of

Bombardier Recreational Products BRP Inc. is the holding company for Bombardier Recreational Products Inc., operating as BRP, a Canadian manufacturer of snowmobiles, all-terrain vehicles, side by sides, motorcycles, and personal watercraft. It was founded in 2003, when the Rec ...

Bombardier manufactured snow and all-terrain vehicles with rubber tracks from the 1950s. The industrial vehicles division, based in Granby,

Quebec Quebec ( ; )According to the Canadian government, ''Québec'' (with the acute accent) is the official name in Canadian French and ''Quebec'' (without the accent) is the province's official name in Canadian English is one of the thirte ...

, made tracked utility vehicles such as

snowcat A snowcat (short for snow and caterpillar) is an enclosed-cab, truck-sized, fully tracked vehicle designed to move on snow. Major manufacturers are Pisten Bully (Germany), Prinoth (Italy) and Tucker (United States). Snow groomers A sno ...

s, sidewalk snow removal tractors and Tracked Utility Vehicles, including the descendant of the original Bombardier

Muskeg tractor BRP Inc. is the holding company for Bombardier Recreational Products Inc., operating as BRP, a Canadian manufacturer of snowmobiles, all-terrain vehicles, side by sides, motorcycles, and personal watercraft. It was founded in 2003, when the Rec ...

. In November 2005, Camoplast sold the design, engineering, R&D, service, parts and sales operations of the snow groomer range of its Industrial vehicles Division to Leitner Group which will be marketed as Prinoth, with Camoplast handling the manufacturing. In February 2009, Camoplast sold the remaining Industrial Vehicles division operations to Leitner Group including development, design, sales, service and vehicle production to Prinoth. In 2010, Camoplast acquired Groupe Solideal, a company based in

Luxembourg Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...

that manufactures tires, tracks and wheels for the industrial and construction markets. Subsequently, Camoplast changed its name to Camoplast-Solideal On August 23, 2013, Camoplast-Solideal's Composite Division was acquired by four company managers and became a corporation in its own right under the name

Composites, presided by Yves Carbonneau. On July 3, 2015, Camoplast Solideal was renamed to Camso to "represent the best of Camoplast and Solideal". On July 25, 2018,

Michelin Michelin (; ; full name: ) is a French multinational tyre manufacturing company based in Clermont-Ferrand in the Auvergne-Rhône-Alpes ''région'' of France. It is the second largest tyre manufacturer in the world behind Bridgestone and larg ...

agreed to acquire Camso for $1.45B. The 'off the road' operations of Michelin will be combined with Camso to form a new division. On December 18, 2018, Michelin completed the acquisition of Camso, under the terms announced on July 12, 2018 and after obtaining all of the necessary approvals for the transaction. A total consideration of US$1.36 billion was paid for the acquisition.

References

External links

* {{Michelin Corporation, state=autocollapse Manufacturing companies of Canada Companies based in Quebec Magog, Quebec Manufacturing companies established in 1982 1982 establishments in Quebec 2018 mergers and acquisitions Michelin