Titan International is acquiring a majority position in Australian OTR tire and wheel maker Planet Group.
The value of the all-cash deal was not disclosed, but Titan said it expects to complete the deal by the close of July.
Plant Group would become part of Titan Mining Services, which was formed recently to build Titan’s mining business around the globe.
Perth-based Planet includes National Tyres, Acme Wheel, Resource Tyre and Choice Tyres Wholesalers.