Munich, June 2, 2026 – ASC successfully completed the acquisition of ContiTrade France SAS, which includes 130 company-owned tire service outlets, from Continental. The business, headquartered in Le Meux, comprises 1,200 employees operating a network stretching from north to south of France. ASC will focus on developing a lean, entrepreneurial-minded organization to streamline operations and position the business as an agile, customer-centric vehicle maintenance partner in France.
ASC currently operates a portfolio of companies headquartered in Europe, with activities that span around the globe, and encompass a multitude of sectors and industries, such as general industrials, automotive, automation, lighting, business process outsourcing and chemicals.
Continental took the decision to divest its owned French based Best Drive outlet network as it no longer aligns with its core business strategy. After a thorough selection process, ASC was selected as the best new home of the business, among others, due to its strong and reliable track record in managing complex carveouts and sustainably improving and growing businesses.
„We are thrilled about becoming an independent company and confident that this transition will be beneficial for all our business partners“, commented Stéphane Drouillard, CEO of Xellent. „This acquisition marks the start of a new and highly ambitious phase for our company. I am particularly pleased to be joining this exciting project with the professional support of ASC and alongside the Xellent team that drive the network’s success on a daily basis. Our goal is to build a more agile company that is entrenched in its field and more focused on customer service. We will approach this transformation with a high standard of excellence, energy, and great confidence in the company’s expertise.“
Johannes Pichler, Managing Partner of ASC, commented: “We are excited that Continental has chosen ASC as the most reliable and trusted partner for taking over its French tire service and distribution operations. By remaining part of Continental’s European BestDrive franchise network while operating as an independent, entrepreneurial-minded organization, ASC is confident that the company is well-positioned to streamline operations and further strengthen its role as an agile, customer-centric vehicle maintenance partner in the French market. ASC will strongly support management in the implementation of a modern, purpose-driven IT environment to automate administrative tasks, enhance transparency, and ultimately free up resources to enhance customer services.”
About Xellent SAS
Xellent (formerly ContiTrade France SAS), with its 130 outlets, is a leading player in the French tire services market, particularly in the light commercial vehicle and heavy-duty truck segments. With a team of approximately 1,200 employees, the company has built a strong nationwide presence supporting B2B customers while also delivering high-quality tire and vehicle maintenance services to private customers www.bestdrive.fr
About ASC Investment
ASC Investment is an industrial holding group based in Luxembourg and Munich, focusing on carve-out transactions from large corporation and succession situations in Europe. ASC is an entrepreneurial investor, actively supporting the daily operations and the strategic development of its portfolio companies, through its operational expert task force, but also through financial support and add-on acquisitions. ASC is led by a group of experienced and proven investment and industry professionals and is focusing on challenging investment situations. The ASC team has been investing in pan-European transactions since 2010 and has executed more than 40 complex special situations / carve-out transactions. Further information at: www.asc-investment.com