Camso
| Company type | Private |
|---|---|
| Industry | Manufacturing |
| Predecessor | Camoplast Solideal |
| Founded | 1982 |
| Founder | Normand Carpentier, Michel Lasalle |
| Fate | Acquired by CEAT in 2024 |
| Headquarters | Magog, Quebec , Canada |
Area served | Americas, Asia, Europe |
| Products | Pneumatic, solid and airless tires, tracks, track assemblies, OEM undercarriage components |
| Owner | CEAT (since 2024) |
Number of employees | 8,000+ |
Camso Inc., previously known as Camoplast Solideal, is a Canadian producer and service provider specializing in equipment for off-highway vehicles, catering to sectors such as material handling, construction, agriculture, and powersports. The company manufactures pneumatic, solid, and airless tires, along with tracks, track assemblies, and OEM undercarriage components. Established in 1982 and headquartered in Magog, Quebec, Camso maintains manufacturing facilities and innovation centers throughout the Americas, Asia, and Europe, employing a workforce exceeding 8,000 individuals.
History
Camoplast Inc. was founded in 1982 by Normand Carpentier and Michel Lasalle following their acquisition of four divisions from Bombardier, including Roski Ltd.
In December 2004, Camoplast expanded by acquiring the industrial vehicles unit of Bombardier Recreational Products located in Granby, Quebec, which specialized in tracked utility vehicles such as snowcats and Muskeg tractor derivatives.
By November 2005, Camoplast divested the design, engineering, research and development, service, parts distribution, and sales functions of its snow groomer product line to the Prinoth brand under Leitner Group while maintaining production responsibilities. Subsequently, in February 2009, the remaining Industrial Vehicles segment was also sold to Leitner Group/Prinoth.
In 2010, Camoplast purchased Luxembourg-based Groupe Solideal, a manufacturer of tires, tracks, and wheels serving industrial and construction sectors. This acquisition led to the rebranding of the company as Camoplast-Solideal.
On August 23, 2013, the Composite Division of Camoplast-Solideal was separated into an independent entity named Roski Composites.
The company adopted the name Camso on July 3, 2015, consolidating the Camoplast and Solideal brands under a single identity.
On July 25, 2018, Michelin announced an agreement to acquire Camso for $1.45 billion with plans to integrate it into Michelin’s off-the-road business division. The transaction was finalized on December 18, 2018, at a purchase price of US$1.36 billion.
Most recently, on December 6, 2024, Michelin divested Camso to Indian tire manufacturer CEAT for US$225 million as part of its strategic focus on core construction market segments.