PARIS—Engineering group Fenner P.L.C. has registered sales of $515 million in the first half of 2019, according Michelin, which acquired Fenner in May 2018.
Throughout the six months to end of June, Fenner also contributed about $74 million to Michelin's operating income, and about $31 million to net income, the French tire maker said in its financial results disclosed in July.
The company did not offer prior-year comparisons for Fenner's results.
Michelin expects Fenner's acquisition to help it provide its mining industry customers with a comprehensive offering, ranging from tires to conveyor belts with related services and solutions.
In April, Michelin reported "major contract wins" for Fenner's Engineered Conveyor Solutions division, which underwent major consolidation in 2016.
On high-technology materials activities, the French tire maker anticipates that the transaction would broadens its high-technology materials expertise and innovation.