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‘Stronger together’: the Yokohama TWS off-highway tyre integration delivers many opportunities – Pompei

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Yokohama TWS

In May, Yokohama officially completed the acquisition of Trelleborg Wheel Systems. As a result, the well-respected off-highway tyre and wheel manufacturer rebranded as Yokohama TWS. With any acquisition, questions of integration are front-and-centre. In Yokohama’s case, the previous acquisition of Alliance Tire Group, which now runs under the Yokohama Off-Highway Tires (YOHT) banner, brings with it further questions relating to the integration of the businesses and their respective brand portfolios as well as how the different operations will be organised and practically structured in relation to one another. With all this in mind, Tyres & Accessories recently spoke to Paolo Pompei, president and CEO of Yokohama TWS, in order to hear the latest on the integration process.

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Related news:

  1. Yokohama offers US$2 billion for Trelleborg Wheel Systems as global off-highway tyre segment consolidates
  2. Trelleborg fined for Yokohama-TWS takeover disclosure violation
  3. Maurice Taylor: Don’t overlook Titan
  4. Yokohama completes Trelleborg Wheel Systems acquisition, Yokohama TWS launched
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Mobivia sells Norauto Argentina business to Stellantis

France’s Mobivia has sold its Norauto tyre, battery and automotive servicing network in Argentina to Stellantis. the company says it is ceasing activities in South America in order to refocus and strengthen its performance in Europe.

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Related news:

  1. Foucart to head Mobivia’s workshop & dealer businesses; new CEO at ATU
  2. New CEO at A.T.U.
  3. Mobivia Groupe to acquire ATU
  4. Will rent price discord torpedo A.T.U. acquisition?
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LKQ Corporation completes Uni-Select acquisition, reiterates GSF divestment

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C Joyful; Unsplash

On 3 August, LKQ Corporation (LKQ) and Uni-Select Inc confirmed that the previously-announced acquisition of Uni-Select by 9485‑4692 Québec Inc, which is a wholly-owned subsidiary of LKQ, officially completed on 1 August 2023. This follows a complex and ongoing monopoly-related investigation by UK authorities.

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Related news:

  1. LKQ to divest GSF Car Parts following Uni-Select acquisition
  2. GSF Car Parts merges with Parts Alliance
  3. Uni-Select Inc. acquires The Parts Alliance Group
  4. Competition and Markets Authority opens Yokohama/Trelleborg Wheel Systems merger investigation
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Ceat acquires remaining Tyresnmore shares

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Indian online tyre retailer Tyresnmore.com is now a wholly owned subsidiary of Ceat Ltd. On 4 August, the tyre maker entered into a share purchase agreement with Tyresnmore Online Private Limited to acquire 108,637 equity shares in the business, an amount equal to a 39.34% of its total share capital.

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Related news:

  1. Ceat increases shareholding in Indian portal Tyresnmore
  2. Discount Tire buys Tire Rack
  3. Indian Manufacturers Face Export Difficulties
  4. McConechys website migrates to Halfords.com
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GRI acquires Hungarian distributor ATRA

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Off-highway tyre specialist GRI has acquired Hungary-based tyre distributor ATRA Kecskemet, a company reported to hold a more than 50 per cent market share in the country’s material handling and construction tyre markets. The acquisition includes eight ATRA branches across Hungary and brings the firm’s 50-strong workforce into the GRI fold.

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Related news:

  1. GRI acquires Australia’s Axis Tyres
  2. Building on foundations of growth – GRI MD talks with T&A
  3. GRI introduces “most environmentally-friendly” tyre
  4. GRI breaks ground on second tyre plant
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Kerridge Commercial Systems buys Compilator, expands into Northern Europe

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Kerridge Commercial Systems (KCS), the ERP and business management software provider, has agreed to buy Compilator, which mainly operates in Sweden, Finland and the UK. The acquisition of Compilator is described as a strategic investment for KCS, supporting its strategy of growing into Northern Europe and Scandinavia. Compilator, which itself serves the tyre and distribution sectors in 2,000 locations throughout the Nordics, UK and Ireland, bought UK-based tyre software business Team Systems back in 2016 as well as the fleet-orientated Inforoute operation in 2019.

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Related news:

  1. Compilator buys Team Systems
  2. Compilator invests in fleet business with Inforoute acquisition
  3. Tirebuyer.com and Tirescanner.com merge
  4. Halfords sells its Avayler software to American Tire Distributors (ATD)
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Pirelli buys Hevea-Tec, Brazil’s biggest natural rubber processor

Pirelli signed an agreement to acquire 100 per cent of Hevea-Tec, the largest independent processor of natural rubber in Brazil, for “around 21 million euros”. Following regulatory approval, the deal is expected to close by the end of 2023. Pirelli reports that the acquisition will not impact the 2023 net financial position target of around 2.35 billion euro.

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Related news:

  1. Sinochem International Buys 51% of GMG
  2. Project TREE: A blockchain-driven, more sustainable rubber supply chain
  3. Pirelli Releases 2006 Results
  4. Pirelli increases revenues, EBIT and margin in 2Q
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BorgWarner to acquire Eldor Corporation’s Electric Hybrid Systems business segment

BorgWarner Inc. and Eldor Corporation S.p.A. have announced that they have entered into a Share Purchase Agreement under which BorgWarner has agreed to acquire the Electric Hybrid Systems (EHS) business segment of Eldor for €75 million at closing with a potential additional amount due subject to an earnout.

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Related news:

  1. Kwik-Fit Goes to PAI for £800 million
  2. Halfords Sales Reach £831.6 million Supported by Nationwide Acquisition
  3. Klarius Group sells QH Ireland to CD Group
  4. Auto Windshields completes AA AutoWindshields acquisition
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Michelin acquiring Flex Composite Group

Michelin is to acquire Flex Composite Group from private equity investor IDI for an enterprise value of €700 million, a transaction it expects will increase the revenue of its High-Tech Materials businesses by approximately 20% and create a “leader in high-tech engineered fabrics and films.” Michelin views growth here as an “important step” in developing “beyond mobility” and positioning the company as a ”key player in polymer composite solutions” in line with its Michelin in Motion 2030 strategy.

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Related news:

  1. Michelin to capitalise on Blackcircles.com, ATS Euromaster ‘synergies’
  2. Apollo and Cooper – is this the start of the expected wave of consolidation?
  3. Michelin: YTD sales up 15.6% to €17.2 billion
  4. Mobivia: Acquiring Michelin’s ATU shares makes sense from strategic standpoint
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S8 Capital set to acquire the Russian Bridgestone tyre factory

Igorn; Pixabay

S8 Capital, which recently acquired the Continental plant, is set to acquire the Bridgestone tyre plant in Ulyanovsk, Russia and become the country’s second-largest tyremaker. According to the Pravda newspaper, the acquisition marks the continuation of S8 Capital’s expansion into the tyre industry. Post-acquisition S8 Capital will be second only to Tatneft, which acquired a Nokian Tires plant in the Leningrad region earlier this year, in terms of tyre manufacturing capacity.

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Related news:

  1. Continental in Russia: S8 Capital named again as likely buyer
  2. Report: Continental signed Russia divestment deal in February
  3. Tyre makers & the Russia dilemma
  4. S8 Capital might acquire Continental’s Russian assets
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Power International Tires acquiring Michelin’s activities in Russia

Michelin announces that it has signed an agreement with Moscow-based tyre distributor Power International Tires LLC for the purchase of its two local companies, Michelin Russia Tyre Manufacturing Company (MRTMC) LLC and Camso CIS LLC. A known partner of Michelin, Power International Tires is one of the country’s main tyre distributors and has a presence throughout Russia.

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Related news:

  1. Tyre makers & the Russia dilemma
  2. Michelin acquires 40% stake in leading French online tyre retailer
  3. Pyrolysis technology: Michelin partnering with Enviro
  4. Nokian becomes Ikon in Russia
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TBC Corporation sells 595 NTB and Tire Kingdom centres to Mavis

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TBC Corporation, a leading tyre distributor in North America, has agreed to sell its company-owned retail portfolio to Mavis Tire Express Services Corp. Specifically, Mavis will acquire 392 NTB Tire and Service Centers (NTB) and 203 Tire Kingdom Service Centers (Tire Kingdom). In connection with the deal, Mavis and TBC have entered into a distribution agreement, through which TBC will provide wholesale and tyre distribution for Mavis retail locations. The transaction is expected to close in the coming weeks. Financial terms of the transaction have not been disclosed.

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Related news:

  1. Point S partner acquires Nokian’s Vianor US operation
  2. Bridgestone buys large US tyre retailer Pep Boys in US$835 million deal
  3. Michelin acquires telematics provider NexTraq
  4. Bridgestone boosts fleet portfolio with Azuga acquisition
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CL Tyres buys Fork Truck Tyres

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Chris Anthony/Tyre Industry Publications Ltd

Fast-growing industrial tyres business, CL Tyres Ltd has bought Fork Truck Tyres Ltd. Founded in July 2019 by Steve Donnithorne, CL Tyres Ltd experienced 10-fold growth in its first three years of business. The acquisition of Manchester-based Fork Truck Tyres by Midlands-based CL Tyres, which also runs centres in locations including Hull and Washington, suggests a national expansion plan.

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Related news:

  1. RH Claydon buys Unity Tyre stock and assets
  2. Pirelli truck tyres separating and merging with Aeolus/ChemChina
  3. Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon
  4. Yokohama offers US$2 billion for Trelleborg Wheel Systems as global off-highway tyre segment consolidates
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Michelin buys Canopy Simulations for its ‘virtual driver’ technology

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Michelin

Michelin has bought UK-based simulation software specialist Canopy Simulations for an undisclosed fee. Since Michelin has been developing dynamic virtual tyre models for the last couple of decades using its Tame Tire software, it appears the plan is to combine Canopy’s “virtual driver” with Tame Tire, taking Michelin’s virtual modelling to the next level.

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Related news:

  1. The thinking behind Bridgestone’s TomTom Telematics acquisition
  2. Michelin buys Masternaut
  3. UTAC CERAM completes Millbrook acquisition, new governance introduced
  4. Michelin completes NexTraq acquisition
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