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You are here: Home1 / News2 / Company News3 / Yokohama offers US$2 billion for Trelleborg Wheel Systems as global off-highway...

Yokohama offers US$2 billion for Trelleborg Wheel Systems as global off-highway tyre segment consolidates

Date: 14th December 2021 Author: Chris Anthony Comments: 1
Trelleborg executives declined to comment on what they described as “speculative” reports of Yokohama’s bid, but the company’s current position and recent progress does provide an attractive context for an incoming bidder (Image: Trelleborg)

Yokohama Tire has bid around $2 billion for Trelleborg Wheel Systems in a move that could further expand the Japanese company’s growing off-highway tyre business. Sources close to the bid told Tyres & Accessories that Yokohama is currently in a due diligence process that is likely to be completed during the next month or so. Yokohama previously bid for Prometeon, the ex-Pirelli industrial/off-highway tyre business at the end of 2019. Despite ongoing discussions over the following year or so, that deal wasn’t completed. Yokohama appointed the former global head of Prometeon, Gregorio Borgo, as its European president earlier this year. Trelleborg Wheel Systems executives declined to comment on the reports.

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Related news:

  1. Yokohama’s Prometeon bid: Delayed by Covid, but nearing completion
  2. Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon
  3. Pirelli truck tyres separating and merging with Aeolus/ChemChina
  4. Trelleborg reorganisation brings greater prominence to tyres
Comments
Paul Anka December 14, 2021
Trelleborg owners have realized that they are riding a dead horse, and the best strategy is to demount.
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Related Tags

acquisition, agricultural tyres, featured, industrial tyres, investment, Japan, mergers and acquisitions, OTR tyres, Sweden, Trelleborg, Yokohama, Yokohama Off-Highway Tires

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