M&A Deal Summary

Titan International Acquires Titan Europe

On October 26, 2012, Titan International acquired machinery company Titan Europe for 108M USD

Acquisition Highlights
  • This is Titan International’s 1st transaction in the Machinery sector.
  • This is Titan International’s 2nd largest (disclosed) transaction.
  • This is Titan International’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2012-10-26
Target Titan Europe
Sector Machinery
Buyer(s) Titan International
Deal Type Add-on Acquisition
Deal Value 108M USD

Target

Titan Europe

Kidderminster, United Kingdom
Titan Europe Plc, through its subsidiaries, engages in the design, manufacture, and sale of wheels, undercarriage components, and assemblies for tracked and wheeled off-road vehicles.

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Buyer(S) 1

Buyer

Titan International

West Chicago, Illinois, United States
Category Company
Founded 1890
Sector Automotive
Employees6,900
Revenue 1.8B USD (2023)
DESCRIPTION

Titan International is a manufacturer of off-highway tires. Titan manufactures two distinct brands,Titan and Goodyear Farm Tires, known for their quality craftmanship, unique tread designs and excellent durability. Titan International was founded in 1890 and is based in West Chicago, Illinois.

DEAL STATS #
Overall 2 of 4
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (United Kingdom) 1 of 1
Year (2012) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-02 Planet Pty

Perth, Australia

Planet Corporation Pty Ltd is engages in manufacturing and selling of tires and wheels. Planet is an OTR tire and wheel specialist that manufactures, distributes and services products to customers in the mining, agriculture, construction and earthmoving industries.

Buy $23M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-07 Voltyre-Prom

Volzhskiy, Russia

Joint Stock Company Voltyre-Prom engages in the production and sale of tires in Russia. Voltyre-Prom is based in Volzhskiy, Russia.

Buy $94M
Mergr

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