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Bridgestone to Acquire Otraco International

Bridgestone Corporation‘s group company Bridgestone Mining Solutions Australia Pty. Ltd. will acquire Otraco International Pty Ltd (Otraco), an OTR tire management solutions business, from Downer EDI Limited.

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Bridgestone says this acquisition will accelerate the growth of its global mining solutions business and expand the company’s service network in key markets such as Australia, Chile and South Africa.

All business assets, including Otraco’s sales offices and training facilities, OTR customer relationships and the company’s approximately 860 employees will transfer to Bridgestone upon completion of the sale. The transaction, valued at AUD 79 million (approx. $61.33 million), is expected to close by the end of 2021.

The sale is subject to regulatory approvals and other customary closing conditions. The impact of this acquisition on Bridgestone’s consolidated financial results for 2021 will be minor, the company says.

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