Bridgestone to acquire Otraco from Downer for AUD 79M

Bridgestone Corporation, through its group company Bridgestone Mining Solutions Australia Pty. Ltd., has agreed to acquire Otraco International Pty Ltd, a leader in off-the-road tire management solutions, from Downer EDI Limited for AUD 79 million. The transaction is expected to close by the end of 2021.

“Acquiring Otraco will allow us to quickly expand our mining solutions business in key markets and create growth opportunities with existing mining customers.”bridgestone-asiapacific.com

• 2 sources
• bridgestone-asiapacific.comBridgestone Announces Strategic Growth Investments Based on Mid-Term Business Plan Acquiring Otraco OTR Tire Management Solutions Business from DownerApr 26, 2021
• miningmonthly.comBridgestone buys OtracoNoel DysonApr 27, 2021

Summarized from public sources; check the original articles before acting on it.