Yokohama Rubber to acquire Trelleborg Wheel Systems for over €2 billion

Yokohama Rubber will acquire 100% of Trelleborg Wheel Systems Holding AB from Trelleborg AB for an enterprise value of over €2 billion. TWS manufactures off-highway tyres for agricultural and industrial machinery. Completion expected in H2 2022.

“Freshfields has advised The Yokohama Rubber Co., Ltd. on acquiring the entire wheel systems business of Swedish-listed Trelleborg AB, for an enterprise value of over €2bn.”freshfields.com

• 3 sources
• freshfields.comFreshfields advises Yokohama Rubber on €2bn acquisition of Sweden’s Trelleborg Wheel Systems Holding | FreshfieldsMar 1, 2022
• thescxchange.comTrelleborg sells off forklift tire-making unit for $2.3 billion | The Supply Chain XchangeBen AmesMar 25, 2022
• mmh.comMaterial Handling News and Resources on Modern Materials HandlingMar 25, 2022

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