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Yokohama confirms 2.1 billion euro Trelleborg Wheel Systems acquisition

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Trelleborg

Three months after we published the news, The Yokohama Rubber Co., Ltd., has confirmed that it has entered into a share purchase agreement with Swedish-based Trelleborg AB to acquire all outstanding shares of Trelleborg Wheel Systems Holding AB (TWS). According to Yokohama, TWS’s enterprise value is €2,040 million (about ¥265.2 billion). But the acquisition agreement includes a performance-linked earn-out clause, which could increase the acquisition price by up to €60 million depending on TWS’s 2022 financial results. And therefore Trelleborg refers to the sale as a 2.1 billion euro deal.

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Related news:

  1. Yokohama offers US$2 billion for Trelleborg Wheel Systems as global off-highway tyre segment consolidates
  2. Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon
  3. Trelleborg group sales relatively good, but tyre sales impacted
  4. Trelleborg confirms acquisition interest from ‘external parties’
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Yokohama OHT expands Alliance Agri Star II range, presents latest yield research

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YOHT

Yokohama Off-Highway Tires (YOHT) aims to be a top-three player in the global off-highway’ tyre segment and the company hopes that the recent expansion of the Alliance Agri Star II range as well as the performance of its other products will help it reach that goal. Highlighting the 4,000 plus SKUs it already offers, YOHT used the occasion of a virtual briefing to launch the Alliance Agri Star II range in 70, 85, 90 and 95-series fitments. In short, the company launched an additional 12 sizes and shared on-the-ground experiences of farmers as well as the results of recent research.

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Related news:

  1. Alliance Tire Group introduces 10 year warranty on certain agricultural tyres
  2. Kirkby Tyres brings latest BKT, Alliance speciality tyres to UK
  3. Kirkby pushing brands harder from expanded site
  4. Yokohama’s Prometeon bid: Delayed by Covid, but nearing completion
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Yokohama stops tyre production in Russia, donates over $400,000 to relief efforts

CNES/Airbus; Maxar Technologies

Japanese tyre manufacturer Yokohama is stopping production at its L.L.C. Yokohama R.P.Z. passenger car tyre factory in Lipetsk, Russia. Yokohama said it will “gradually stop production” in Russia “due to the current problem of raw material procurement”. The company will also donate more than $400,000 to humanitarian relief efforts.

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Related news:

  1. Nokian moves selected tyre production out of Russia
  2. How will war in Ukraine impact European tyre production?
  3. Yokohama: No change at Russia tyre factory
  4. Ukraine war’s impact on global tyre-makers acute for Nokian, manageable for others
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Yokohama: No change at Russia tyre factory

Chickenonline; Pixabay

Despite the war in neighbouring Ukraine and the resulting sanctions imposed on Russia by the international community, as of 2 March 2022, company representatives told Tyres & Accessories the Yokohama’s Russian tyre manufacturing operation in Lipetsk, 500 kilometres south of Moscow, is running as normal.

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Related news:

  1. Bridgestone: No facilities or employees in Ukraine
  2. Nokian Tyres drops 2022 guidance due to Russian invasion
  3. Continental: Russian tyre raw material supply will ‘gradually deteriorate’
  4. Ukraine war’s impact on global tyre-makers acute for Nokian, manageable for others
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New YOHT country manager for UK & Ireland

Yokohama Off-Highway Tires (YOHT) has reported the appointment of Andrew Musgrave as its country manager for the UK and Ireland. Musgrave commenced in this role last November and leads the aftermarket business for the Alliance and Galaxy brands in these markets. He reports to Ole Baek, YOHT’s regional head Northern Europe and France.

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Related news:

  1. Yokohama rebrands ATG business
  2. Yokohama Off-Highway Tires EMEA raises prices
  3. Alliance Tire Group introduces 10 year warranty on certain agricultural tyres
  4. $171m investment: Capacity at Yokohama OHT’s new plant to double
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Yokohama Rubber posts ‘record-high’ results

The Yokohama Rubber Co., Ltd. reports “record-high” sales revenue and profit during the 2021 fiscal year. Sales revenue increased 21.7% over the previous year; operating profit rose 132.4% & profit attributable to owners of parent was up 148.9%.

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Related news:

  1. Sales, profit up at Yokohama Rubber in Q2 2018
  2. Yokohama Rubber – Q3 2018 profit affected by asset impairment charge
  3. ‘Highest ever’ – Yokohama H1 2021 financial results
  4. Yokohama Rubber announces record earnings
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Yokohama tyres OE on BMW, Mercedes

Two German manufacturers have selected the Yokohama Advan Sport V107 as an original equipment tyre for new and existing performance models. The Mercedes-AMG EQS 53 4MATIC+ wears the tyre in size 275/35R22 104Y, while the BMW X5M & X6M upgrade from the V105 to this latest-generation Advan tyre.

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Related news:

  1. Yokohama Advan tyres OE on 2 Mercedes-AMG models
  2. Yokohama Advan Sport V107 certified for Mercedes-AMG GLB 35 4MATIC SUV
  3. Yokohama tyres for Brabus 700/800/900
  4. Yokohama tyres for BMW M3 & M4
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Yokohama Rubber NR processing subsidiary supports flooded Thai villages

Yokohama Rubber’s natural rubber processing subsidiary in Thailand supported efforts to aid villagers affected by flooding in the country in December 2021. Y.T. Rubber Co, Ltd (YTRC) provided food packages in the wake of flooding due to heavy rains in the country’s Surat Thani Province, where YTRC is located.

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Related news:

  1. Sustainable rubber procurement: Yokohama Rubber signs MoU in Thailand
  2. Yokohama Rubber expanding tyre mould capacity in Thailand
  3. Phase 2 of Yokohama’s ‘Forever Forest’ Completed in Thailand
  4. New courses now operational at Yokohama’s Asian proving ground
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OE deals demonstrate expanding Yokohama Advan range’s qualities

Yokohama’s flagship Advan tyre range has secured original equipment approvals from some of the world’s leading vehicle manufacturers, such as BMW, Mercedes-Benz, and Porsche. The manufacturer will launch a new flagship replacement market tyre in 2022, the Advan Sport V107, developed for premium vehicles in an initial range of 30-plus sizes between 18 and 23 inches. Versions of the tyre developed alongside leading OEMs, have already been specified for fitment on a variety of new models, such as the Brabus Off Roader range and BMW’s first fully electric “sports activity vehicles.”

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Related news:

  1. Electric BMW iX3 approves Yokohama Advan Sport V107
  2. Yokohama Advan Sport V107 certified for Mercedes-AMG GLB 35 4MATIC SUV
  3. Yokohama wins first OE partnership with leading German automotive manufacturer
  4. Bridgestone supplies original tyres for Audi Q4 e-tron electric SUV
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Yokohama BluEarth-XT AE61 factory fitted on Lexus NX

The Lexus NX is the Japanese brand’s first-ever plug-in hybrid vehicle, and UK deliveries begin this month. Yokohama Rubber says it is supplying original equipment tyres to the NX, with Toyota Motor Corporation fitting the Yokohama BluEarth-XT AE61 and BluEarth-XT AE61 Z・P・S to the SUV in size 235/60R18 103H.

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Related news:

  1. Yokohama OE on Russian-made Škoda Kodiaq
  2. Yokohama OE on Toyota RAV4
  3. Yokohama OE tyre for 2020 Chrysler Voyager
  4. Yokohama tyres for BMW M3 & M4
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Trelleborg confirms acquisition interest from ‘external parties’

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Trelleborg

Following our coverage of Yokohama’s offer for Trelleborg Wheel Systems, the tyre and wheel manufacturer’s Swedish parent company Trelleborg AB has confirmed that “external parties have shown interest to acquire Trelleborg’s business area Trelleborg Wheel Systems”. At the same time, Titan International offered its view on third-party interest in Trelleborg Wheel Systems.

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Related news:

  1. Maurice Taylor: Don’t overlook Titan
  2. Yokohama offers US$2 billion for Trelleborg Wheel Systems as global off-highway tyre segment consolidates
  3. Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon
  4. Yokohama consolidates OTR tyre businesses into Yokohama Off-Highway Tires
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Maurice Taylor: Don’t overlook Titan

On 14 December, Tyrepress.com shared information from sources who anticipate a Yokohama Rubber bid to acquire Trelleborg Wheel Systems. While the parties involved have neither confirmed nor denied such a transaction, the chairman of Titan International Inc. (TWI) has commented on a deal he apparently views as problematic.

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Related news:

  1. Growing agri range: Goodyear tyres back on British soil
  2. Yokohama offers US$2 billion for Trelleborg Wheel Systems as global off-highway tyre segment consolidates
  3. Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon
  4. ‘Planning, communication’ help Trelleborg implement plans during pandemic
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Yokohama Rubber establishing tyre sales JV in Malaysia

From the start of next year, Yokohama tyres will be sold in Malaysia through a newly formed joint venture company. Tyre maker Yokohama Rubber Co., Ltd. will hold a 51 per cent stake in the new Yokohama Tyre Sales Malaysia Sdn. Bhd., with the remaining share held by YHI (Malaysia) Sdn. Bhd. (YHIM), subsidiary of the exclusive distributor of Yokohama tyres in Southeast Asia, YHI International Limited (YHI). Akira Nakamoto has been appointed managing director.

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Related news:

  1. Isoprene sourced from biomass – Yokohama Rubber announces new technology
  2. Tyre sensor development – Yokohama Rubber working with Alps Alpine
  3. Yokohama Rubber expanding tyre mould capacity in Thailand
  4. Yokohama grows non-Europe Advan Neova, BluEarth ranges
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