# 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.

- Type: Acquisition
- Announced: 2021-04-26
- Where: Australia
- Value: $61.0M (79.0M AUD)
- Jobs: 860
- Status: announced
- Products: off-the-road tire management solutions
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Bridgestone](https://endata.com/companies/20024.md) (acquirer)
- [Downer EDI](https://endata.com/companies/23945.md) (target)
- [Otraco International](https://endata.com/companies/54694.md) (target)
- [Otraco](https://endata.com/companies/54723.md) (target)

## Sources

- [bridgestone-asiapacific.com](https://www.bridgestone-asiapacific.com/en/media-centre/pressreleases/press-release-2021/pressrelease-20210426), 2021-04-26: "Acquiring Otraco will allow us to quickly expand our mining solutions business in key markets and create growth opportunities with existing mining customers."
- [miningmonthly.com](https://www.miningmonthly.com/operations/opinion/1409013/bridgestone-buys-otraco), 2021-04-27: "Bridgestone will get all Otraco business assets including sales offices and training facilities, off-the-road tyre customer relationships and its 860 employees."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.