3 Dec 2021
Purchase to expand global mining operations in key markets such as Australia, Chile and South Africa
Tokyo – Bridgestone Mining Solutions Australia has completed the acquisition of off-the-road (OTR) tire management specialist Otraco International Pty Ltd.
The acquisition, from Australia-based Downer EDI Ltd, is valued at AUD79 million (€50 million), and closed on 1 Dec, announced Bridgestone Corp. in a statement.
Headquartered in Brisbane, Queensland, Otraco is operational in Australia, Chile and south Africa, and offers a portfolio of OTR tire management solutions that track tires across the full lifecycle.
These include on-site tire maintenance services and a computerised Otracom platform, which records real-time data from sensors to manage tires and rims.
The move is part of the Japanese group’s mid-term business plan, which calls for investments in the core tire business while also pursuing M&A activities to enhance “sustainable solutions offering.”
Bridgestone said it defined mining tire and solutions business as “an important major business, in which the group continuously and proactively injects its strategic resources.”
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