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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 Acquires Otraco for $61 7M

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.

South africaMasahiro higashiMining solutions australiaDowner ediBridgestone corporationOtraco internationalBridgestone corpBridgestone mining solutions australiaRepresentative executive officerBridgestone mastercoreமசாஹிரோ ஹிகாஷிசுரங்க தீர்வுகள் ஆஸ்திரேலியாடௌநர் ஏதிபிரிட்ஜ்ஸ்டோன் நிறுவனம்பிரிட்ஜ்ஸ்டோன் கார்ப்பிரிட்ஜ்ஸ்டோன் சுரங்க தீர்வுகள் ஆஸ்திரேலியா

Bridgestone expands mining portfolio with acquisition of Otraco | Tire Technology International

Bridgestone expands mining portfolio with acquisition of Otraco | Tire Technology International
tiretechnologyinternational.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tiretechnologyinternational.com Daily Mail and Mail on Sunday newspapers.

South africaMasahiro higashiBridgestone mining solutions australiaDowner ediOtraco internationalMid term business planமசாஹிரோ ஹிகாஷிபிரிட்ஜ்ஸ்டோன் சுரங்க தீர்வுகள் ஆஸ்திரேலியாடௌநர் ஏதிநடுவில் கால வணிக திட்டம்

Bridgestone buying Otraco OTR tire management systems provider

Bridgestone buying Otraco OTR tire management systems provider
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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