# Yokohama Rubber to acquire Goodyear's OTR tyre business for $905M

Yokohama Rubber entered a purchase agreement to acquire Goodyear's Off-the-Road tyre business for $905 million in cash. The deal includes Nippon Giant Tire and Goodyear Earthmover, expected to close by early 2025.

- Type: Acquisition
- Announced: 2024-07-22
- Value: $905.0M
- Status: announced
- Products: off-the-road tyres
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Goodyear Tire & Rubber Company](https://endata.com/companies/17658.md) (target)
- [Yokohama Rubber Co.](https://endata.com/companies/53527.md) (acquirer)
- [Nippon Giant Tire](https://endata.com/companies/78733.md) (target)
- [Goodyear Earthmover](https://endata.com/companies/78734.md) (target)

## Sources

- [tyrepress.com](https://www.tyrepress.com/2024/07/yokohama-rubber-acquiring-goodyear-otr-business/), 2024-07-22: "The acquisition will serve to complement Yokohama Rubber’s OHT product range in non-agricultural applications by bringing in the strong brand power of Goodyear’s OTR business into the Group."

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