Magna Tyres has announced the acquisition of Telescope Tyres Group, an Australian tire and service specialist with multiple branches across regional New South Wales.
The acquisition strengthens Magna’s regional presence in Parkes, Dubbo, Gunnedah and Cowra, New South Wales, while expanding its service offering by combining Telescope Tyres’ on-site, mechanical and fleet solutions with Magna’s global product portfolio. It also creates operational synergies for improved logistics, supply chain efficiency and service reliability, while maintaining local leadership to ensure customer continuity and community connections.
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, 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, added, “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.”
The acquisition will close in January 2026. Telescope Tyres’ management and employees will continue in their current roles. Magna Tyres plans to invest in technology, training and infrastructure to support sustainable growth.
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