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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.
Trelleborg Wheel Systems acquired Pneus ICM Inc, a Montreal-based industrial tire distributor and service provider, the second largest in the Montreal area. The deal expands Trelleborg's distribution network in eastern Canada.