Continental completes sale of French tire service and distribution unit to ASC Investment
Continental has finalized the sale of ContiTrade France, including over 130 outlets and two retreading plants, to investment firm ASC.
- 1,200
- 130+
- 200+
What Happened
Continental has completed the sale of its French service and distribution operations, ContiTrade France, to ASC Investment. The transaction, first announced in December 2025, includes more than 130 company-owned BestDrive outlets, two retreading facilities, and the administrative support functions, affecting around 1,200 employees. All service outlets will remain part of Continental’s BestDrive France network under franchise agreements.
“We remain fully committed to supporting all our franchisees, helping them grow their businesses and realize their full market potential.”
“We would like to thank Continental for its trust and excellent collaboration over the past few months, as well as for its confidence that we are the right partner for the long-term development of 130 BestDrive branches in France.”
1,200
Employees included in the sale of ContiTrade France to ASC.
130+
BestDrive outlets that were part of the transaction.
Why this matters
The deal allows the sold business to operate more independently, while Continental retains a franchise network of over 200 BestDrive outlets in France, continuing its presence in the country.
Terms in This Story
- spin-off
- A corporate action where a company sells a division or subsidiary to create a new independent entity or transfer it to another firm.
- carve-out
- The partial sale of a business unit to outside investors or another company, often to unlock value.
- franchise agreement
- A legal contract where a franchisor grants a franchisee the right to operate a business under its brand and system.
- retreading
- The process of replacing the worn tread of a tire with new rubber, extending its usable life.
Summarised from the linked release; details can be imperfect — always verify against the original source.