Yokohama Rubber will acquire the off-the-road tire (OTR) business for mining and construction vehicles of U.S.-based tire producer and distributor Goodyear. The acquisition is priced at $905 million and will be completed after receiving approval from the relevant authorities. Goodyear’s OTR business had sales of $678 million in fiscal 2023, EBITDA of $129 million, and an EBITDA margin of 19.0%....
The Michelin Group announced on Dec. 18 that it has completed its acquisition of Camso Inc., a Canadian company engaged in the design, production and sales of off-the-road (OTR) mobility solutions. The final price of the acquisition came to $1.36 billion. Through this acquisition, French-based Michelin will become a global leader in the OTR market, tying together the abilities of...
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