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Investment Summary

Titan International Invests In Planet Pty

On August 2, 2012, Titan International invested in automotive company Planet Pty for 23M USD

Investment Highlights
  • This is Titan International’s 1st transaction in the Automotive sector.
  • This is Titan International’s 4th largest (disclosed) transaction.
  • This is Titan International’s 1st transaction in Australia.

Investment Summary
Date 2012-08-02
Target Planet Pty
Sector Automotive
Investor(s) Titan International
Deal Type Stake Purchase
Deal Value 23M USD

Target

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.

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Investor(S) 1

Investor

Titan International

West Chicago, Illinois, United States
Category Company
Founded 1890
Sector Automotive
Employees8,303
Revenue 1.8B USD (2024)
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 1 of 4
Sector: Automotive M&A 1 of 2
Type: Stake Purchase M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2012 M&A 1 of 2
Size (of disclosed) 4 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-26 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.

Buy $108M
Mergr

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