Yokohama Rubber Moves Closer to Acquisition of Trelleborg Wheel Systems Holding AB with UK Clearance

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Tyre News Media
Published on
March 28, 2023

Yokohama Rubber, a leading tyre and rubber products manufacturer, has announced that it has obtained unconditional clearance from the UK’s Competition and Markets Authority for its proposed acquisition of Trelleborg Wheel Systems Holding AB. The clearance was granted on March 28, 2023, following a review of the proposed acquisition by the UK antitrust regulator.

The acquisition of Trelleborg Wheel Systems Holding AB was first announced on March 25, 2022. The Swedish company is engaged in the manufacture and sale of off-highway tyres for agricultural and industrial machinery. With this acquisition, Yokohama Rubber is set to expand its global footprint in the off-highway tyre market.

The unconditional clearance from the UK’s Competition and Markets Authority marks the final approval required for the transaction, which has already been approved in all other countries and regions where antitrust clearance was required. Yokohama Rubber will now proceed with all remaining procedures necessary for the completion of the share transfer, which is expected to take place in the first half of 2023.

Yokohama Rubber’s acquisition of Trelleborg Wheel Systems Holding AB is a significant strategic move for the company. The off-highway tyre market is a key growth area for Yokohama Rubber, and the acquisition of Trelleborg Wheel Systems Holding AB will enable the company to expand its product portfolio and strengthen its position in this market.

In a statement, Yokohama Rubber expressed its commitment to continuing to provide high-quality products and services to its customers, and to contributing to the sustainable growth of the global economy.

The completion of the acquisition of Trelleborg Wheel Systems Holding AB is eagerly awaited by industry experts, who believe that it will further strengthen Yokohama Rubber’s position in the off-highway tyre market and position the company for continued growth in the years to come.

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