Titan Europe launches on London AIM exchange

Titan Europe plc has raised approximately $60 million in gross revenues, following its launch on London's AIM stock exchange. Titan International, a supplier of large wheels and tyres for the earthmoving and other businesses, will retain approximately 30 percent of the shares. The shares started trading at 08:00 London time today, 7 April.

The company said in a prepared statement, "Mike Akers has been named president and CEO of Titan Europe Plc. Akers has been instrumental in the formation of Titan's European operations since 1989. Akers led the organization through a number of acquisitions in the wheel business throughout Europe, building Titan Europe into a leading manufacturer of agricultural, earthmoving and construction wheels, tracked vehicle idler wheels and wet-ramp brakes for agricultural vehicles. Titan Europe comprises six manufacturing and warehousing/distribution facilities in the United Kingdom, Italy, France and Germany."

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Official press release