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Photo Courtesy: Otraco
By TT News| Apr 27, 2021

Bridgestone Acquires Otraco OTR Tyre Management Business From Downer

Bridgestone Mining Solutions announced an AUD 79 million acquisition of Otraco International Pty Ltd from Downer EDI Limited.

The acquisition is in line with Bridgestone Corporation’s plan to strengthen investments in its core tyre business while also pursuing M&A activities that expand and enhance its sustainable solutions offering. The acquisition will help expand Bridgestone’s global mining solutions business and service network in key markets like Australia, Chile and South Africa.

According to the deal, Bridgestone now owns all business assets of Otraco, including the sales offices and training facilities, OTR customer relationships and the company’s approximately 860 employees. The deal is expected to be closed by the end of 2021, subject to regulatory approvals and other customary closing conditions.

Otraco’s robust portfolio offers a tyre management solution that tracks tyres across the entire lifecycle using its computerised Otracom platform.

Masahiro Higashi, Global COO and Representative Executive Officer, Bridgestone Corporation, said, “Today we are announcing another significant step in our ongoing solutions journey. Acquiring Otraco will allow us to quickly expand our mining solutions business in key markets and create growth opportunities with existing mining customers. Otraco has an extensive service network built on strong customer relationships and we are excited for their team of experts to join Bridgestone.” (TT)

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