Trelleborg buys International Tyre and Wheel Solutions

Friday 2nd September 2016 | 0 Comments

 

Trelleborg’s Trelleborg Wheel Systems business unit has agreed to acquire International Tyre and Wheel Solutions Ltd. (ITWS), the UK-based privately owned distributor of large solid off-the-road (OTR) tyres for the waste, recycling and demolition industries. The acquisition follows and, in Trelleborg’s words, complements the recent acquisition of Mitas and gives the firm access to both the pneumatic and solid tyre markets across Europe, the Middle East and Africa.

ITWS is headquartered in Lowton, England. Sales amounted to approximately 40 million Swedish Krone (£3.5 million; 4.162 million euros; $4.653 million) in 2015.

“In the acquisition of ITWS we have acquired the leading distributor in Europe of large solid tyres, with an attractive distribution network and customer base. The acquisition gives us the opportunity to expand our offering of construction tyres in Europe but will also enable us to accelerate and strengthen us as a supplier of solid OTR tires in the Middle East and Africa,” said Maurizio Vischi, president of the Trelleborg Wheel Systems business area.

The transaction will be consolidated as of 1 September 2016.

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Category: Company News, News, UK News