Following on from the Yokohama Rubber announcement that it has acquired Trelleborg Wheel Systems, the Trelleborg Group has released an additional statement, expanding on the EUR 2,100 million acquisition.
Trelleborg Wheel Systems Acquired by Yokohama Rubber After Substantial Growth Period Through Trelleborg’s Leadership
In recent years, Trelleborg Wheel Systems has doubled in size, increased its profitability and incorporated several important acquisitions and strategic investments to become a leading force in the off-highway market.
The Yokohama Rubber Company, by incorporating Trelleborg, Mitas, Maximo, Culton and Interfit into its portfolio can now consolidate its position as a global supplier of agricultural, construction, material handling, mining and 2 wheels market segments.
Paolo Pompei, President of Trelleborg Wheel Systems, ushered in the acquisition by saying: “I am extremely grateful to Trelleborg, which over more than 100 years has created one of the most successful off-highway businesses in the world, and which continuously invested in our growth and technological leadership.
At the same time, I am really excited to join a leading rubber company that will keep investing in our future and support our successful onward journey. I am confident that we will continue to flourish with The Yokohama Rubber Co., Ltd as a strong owner.”
Completion of the transaction is subject to the approval of the relevant authorities and is expected to be completed in the latter part of 2022. Trelleborg Group’s and Trelleborg Wheel Systems transaction teams will continue to manage the activities in the meantime.
