One of Trelleborg’s business units, Trelleborg Wheel Systems, has recently signed and finalised an agreement to acquire International Tyre and Wheel Solutions Ltd. (ITWS). This move complements Trelleborg’s recent acquisition of Mitas pneumatic construction tyres and allows the company to provide a clear and broad offering in both pneumatic and solid tyres across Europe, Middle East and Africa.
The bolt-on acquisition is also part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
ITWS is a privately-owned company based in the UK that distributes large solid off-the-road (OTR) tyres for the waste, recycling and demolition industries. The acquired operation is headquartered in Lowton, England and 2015 sales reached SEK40 million (around £3.5 million).
The transaction will be consolidated as of September 1, 2016.
“In the acquisition of ITWS, we have acquired the leading distributor in Europe of large solid tyres, with an attractive distribution network and customer base. The acquisition gives us the opportunity to expand our offering of construction tyres in Europe but will also enable us to accelerate and strengthen us as a supplier of solid OTR tyres in the Middle East and Africa,” says Maurizio Vischi, President of the Trelleborg Wheel Systems business area.