Trelleborg has, through its business area Trelleborg Wheel Systems, signed an agreement and finalized the acquisition of International Tyre and Wheel Solutions Ltd. (ITWS). ITWS is a UK-based privately owned distributor of large solid off-the-road (OTR) tires for the waste, recycling and demolition industries. The acquisition complements the recent acquisition of Mitas pneumatic construction tires and gives Trelleborg a clear and broad offering in both pneumatic and solid tires across Europe, Middle East and Africa.
The acquired operation is headquartered in Lowton, England. Sales amounted to approximately SEK 40 M in 2015. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“In the acquisition of ITWS we have acquired the leading distributor in Europe of large solid tires, with an attractive distribution network and customer base. The acquisition gives us the opportunity to expand our offering of construction tires in Europe but will also enable us to accelerate and strengthen us as a supplier of solid OTR tires in the Middle East and Africa,” says Maurizio Vischi, President of the Trelleborg Wheel Systems business area.
The transaction will be consolidated as of September 1, 2016.