During the takeover, Trelleborg Wheel Systems Holding AB (TWB) will be included in the consolidated financial results of Yokohama Rubber Co. as of the second quarter of the business year 2023. According to people responsible for Yokohama, respective consequences are being checked at the moment. According to company information, the total purchasing amount was at about 2.16 billion euros. The acquisition of TWS, which had been announced already about a year ago, was part of Yokohama’s strategic initiative to expand the OHT business. People responsible for the Japanese manufacturer saw a huge growth potential in this segment and identified the OHT business as main business area in the framework of the medium-term management plan Yokohama Transformation 2023 (YX2023).
“The broad range of products and the brand portfolio of TWS, the global distribution and production network, the service concept, leading technology, and qualified employees will enable us to strengthen our position among top tyre manufacturers worldwide and to move into the ranking of the biggest tyre manufacturers in the world”, explains Masataka Yamaishi, President and Chairman of the Board at Yokohama Rubber, confidently.
As a consequence of the TWS takeover, Yokohama’s share of consumer and commercial tyres in Yokohama’s sales will change too. According to people responsible for Yokohama, the ratio will move from currently 2:1 to nearly 1:1 and, thus, will represent the worldwide tyre market much better.
Trelleborg with “more coherent portfolio”
“Since 1905, the tyre division has been part of Trelleborg. The decision to sell Trelleborg Wheel Systems was not easily taken”, commented Peter Nilsson, President and CEO at Trelleborg Group. At the same time, he gives the company‘s reasons for the sale: “As a consequence of this restructuring, Trelleborg will have a more coherent portfolio of business areas with similar business models and players in the long run. Moreover, we will increase our commitment to growth-intensive industries like aerospace industry, health system, and medical engineering as well as further attractive niches. That will provide us with a better growth potential.”
Furthermore, Nilsson considers the business area Trelleborg Wheel Systems to be in good hands at Yokohama. “During the last years, TWS has more than doubled its size and has increased its profitability considerably. Nowadays, the company is in an excellent condition. The consolidation of the OHT sector in in full swing, and TWS will be a valuable addition to Yokohama Rubber’s offer in many areas. I would like to cordially thank all the employees of TWS and wish Yokohama Rubber best of luck in the new company constellation.” (dw)
