Bridgestone Acquires Otraco for $61.7M
SHARE April 26, 2021
Bridgestone Corp. announced that its group company Bridgestone Mining Solutions Australia has entered an agreement to acquire Otraco International from Downer EDI Limited. This acquisition will complement Bridgestone’s global mining solutions business and expand the company’s service network in Australia, Chile, and South Africa.
All business assets, including Otraco’s sales offices and training facilities, OTR customer relationships, and the company’s approximately 860 employees will transfer to Bridgestone upon completion of the sale. The transaction, valued at $61.7 million, is expected to close by the end of 2021. The sale is subject to regulatory approvals and other customary closing conditions.