The Yokohama Rubber Co., Ltd., has confirmed that it has entered into a share purchase agreement with Swedish-based Trelleborg AB
ISSN 2631-3111
Yokohama confirms 2.1 billion euro Trelleborg Wheel Systems acquisition
Three months after we published the news, The Yokohama Rubber Co., Ltd., has confirmed that it has entered into a share purchase agreement with Swedish-based Trelleborg AB to acquire all outstanding shares of Trelleborg Wheel Systems Holding AB (TWS). According to Yokohama, TWS’s enterprise value is €2,040 million (about ¥265.2 billion). But the acquisition agreement includes a performance-linked earn-out clause, which could increase the acquisition price by up to €60 million depending on TWS’s 2022 financial results. And therefore Trelleborg refers to the sale as a 2.1 billion euro deal.
Yokohama offers US$2 billion for Trelleborg Wheel...
Yokohama Tire has bid around $2 billion for Trelleborg Wheel Systems in a move that could further expand the Japanese company's growing off-highway tyre business. Sources close to the bid told Tyres & Accessories that Yokohama is currently in a...
Following our coverage of Yokohama's offer for Trelleborg Wheel Systems, the tyre and wheel manufacturer's Swedish parent company Trelleborg AB has confirmed that "external parties have shown interest to acquire Trelleborg's business area...
Subscribe to Tyres & Accessories for the inside track on the tyre and wheel business
Subscribe today to receive your copy of the UK's most popular tyre and wheel magazine for a fast, efficient way to stay on top of the latest industry news, trends, and analysis.
