Centrica acquires tyre business for the AA

Centrica plc, which owns the Automobile Association, announced today that it has acquired the business operations and some fixed assets of Tyreserve, for a total consideration of £400,000 in cash.

Tyreserve provides replacement tyres and processes transactions for car and truck fleet operators via access to a national network of 2,980 outlets.  This consists of 630 independent fast-fit centres, 1,850 franchised dealers and 500 mobile units.

Roger Wood, AA Managing Director, said: "Tyreserve gives the AA a key foothold in the tyre market. In conjunction with our new Service Centres, we can more effectively service the fleet industry and offer motorists a better choice of tyres."