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Druckversion - Bridgestone: Acquisition of Otraco from Downer

Druckversion - Bridgestone: Acquisition of Otraco from Downer
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South africaDowner ediMining solutions australia ptyBridgestone corporationOtraco international pty ltdBridgestone mining solutions australiaMid term business planBridgestone group

Bridgestone Completes Acquisition of Otraco OTR TireManagement Solutions Business from Downer Progress of Strategic Growth Investment Based on Mid Term Business Plan (2021-2023)

Bridgestone Corporation (Bridgestone) today announced that its group company Bridgestone Mining Solutions Australia Pty. Ltd., has completed the acquisition of Otraco International Pty Ltd (Otraco) 1, an Off-the-Road (OTR) tire management solutions provider, from Downer EDI Limited. on December 1, 2021, after getting regulatory approvals and satisfying other customary conditions. The transaction is valued at AUD […]

South africaCommonwealth of australiaGregory glennonBridgestone groupDowner ediMining solutions australia ptyOtraco international pty ltdCompany nameBridgestone corporationBridgestone mining solutions australiaMid term business planOtraco international pty

Bridgestone Announces Strategic Growth Investments Based on Mid-Term Business Plan Acquiring Otraco OTR Tyre Management Solutions Business

Acquisition expands Bridgestone’s global mining solutions business in key markets such as Australia, Chile and South Africa. Otraco’s extensive service network and world-class tire solutions portfolio will strengthen the way OTR customers are served by Bridgestone worldwide. The transaction is targeted for completion by the end of 2021. Bridgestone Corporation (Bridgestone) has this week announced that its group company Bridgestone Mining Solutions Australia Pty. Ltd., has entered an agreement to acquire Otraco International Pty Ltd (Otraco), a leader in Off-the-Road (OTR) tire management solutions, from Downer EDI Limited. This acquisition will accelerate the growth of Bridgestone’s global mining solutions business and expand the company’s service network in key markets such as Australia, Chile and South Africa.

South africaMasahiro higashiDowner ediMining solutions australia ptyOtraco international pty ltdBridgestone corporationBridgestone mining solutions australiaMid term businessRepresentative executive officerBridgestone groupமசாஹிரோ ஹிகாஷிடௌநர் ஏதிபிரிட்ஜ்ஸ்டோன் நிறுவனம்பிரிட்ஜ்ஸ்டோன் சுரங்க தீர்வுகள் ஆஸ்திரேலியாநடுவில் கால வணிகபிரதிநிதி நிர்வாகி அதிகாரி

Bridgestone to acquire Octraco OTR Tire Management Solutions from Downer

Advertisement Bridgestone Corporation has announced that its group company, Bridgestone Mining Solutions Australia Pty Ltd, has entered an agreement to acquire Otraco International Pty Ltd, a leader in off-the-road (OTR) tyre management solutions, from Downer EDI Limited. This acquisition will accelerate the growth of Bridgestone’s global mining solutions business and expand the company’s service network in key markets such as 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 AUS$79 million (approximately ¥6.6 billion), is expected to close by the end of 2021. The sale is subject to regulatory approvals and other customary closing conditions. The impact of this acquisition on Bridgestone’s consolidated financial results for 2021 will be minor.

South africaMasahiro higashiDowner ediBridgestone corporationBridgestone mining solutions australia pty ltdOtraco international pty ltdMid term business planRepresentative executive officerBridgestone mastercoreமசாஹிரோ ஹிகாஷிடௌநர் ஏதிபிரிட்ஜ்ஸ்டோன் நிறுவனம்நடுவில் கால வணிக திட்டம்பிரதிநிதி நிர்வாகி அதிகாரி

Bridgestone acquiring OTR tire management business

Bridgestone acquiring OTR tire management business Print Tokyo – Bridgestone Mining Solutions Australia is acquiring off-the-road (OTR) tire management specialist Otraco International Pty Ltd (Otraco) in a move to expand its mining tire solutions business. The acquisition, from Australia-based Downer EDI Ltd, is valued at AUD79 million (€50 million), and is expected to close by the end of the year, Bridgestone announced 26 April. Based in Redcliffe, Western Australia, Otraco is operational in Australia, Chile and south Africa, and offers a portfolio of OTR tire management solutions that track tires across the full lifecycle. These include on-site tire maintenance services and a computerised Otracom platform, which records real-time data from sensors to manage tires and rims.

South africaMasahiro higashiBridgestone mining solutions australiaDowner ediOtraco international pty ltdBridgestone corpAustralia based downerWestern australiaமசாஹிரோ ஹிகாஷிபிரிட்ஜ்ஸ்டோன் சுரங்க தீர்வுகள் ஆஸ்திரேலியாடௌநர் ஏதிபிரிட்ஜ்ஸ்டோன் கார்ப்மேற்கு ஆஸ்திரேலியா