Continental has announced the sale of Finnish cleat expert Tikka Spikes Oy in a management buyout.

Members of Tikka's current management team, led by Juha Rautiainen, will acquire all shares in Tikka Spikes Oy through their new company, Tikka Industrial Oy.

The target completion date is March 1, 2024.

All Tikka Spikes employees will be taken over by the new owners. It has been agreed that the supply, development and testing partnerships with Continental will be maintained.

Both parties have agreed not to disclose the purchase price.

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