Bridgestone acquiring OTR tire management business
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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.
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Tuesday, 2 March 2021, 6:53 am
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