Yokohama acquires Alliance Tire Group for $1.2billion

Published On 03-Jun-2016By TyreDekho Team

Yokohama acquires Alliance Tire Group

Japanese tyre maker Yokohama announced that it has reached an agreement with the global investment firm KKR and shareholders of Alliance Tire Group (ATG) to buy 100 per cent of its shares. The Alliance Tire Group specialises in manufacturing and sale of agricultural, industrial, construction and forest machinery. Therefore, it will act as a ticket for Yokohama to enter the commercial tyre markets.

The transaction value of the deal is close to $1.2 billion. The transfer of shares will take some time due to necessary closing procedures that includes regulatory approvals. Expect the acquisition to finalised on July 1, 2016. ATG has presence in 120 countries around the world and has strong market share in North American and European markets.

The commercial tyre business is expected to grow as the demand for agricultural equipment tyres improves due to growing use of machinery to improve agricultural efficiency.

This acquisition is the result of Yokohama's strategy to expand its commercial tyre business. The company is following its Grand Design 100 (GD100) medium-term management plan and presently it is in phase IV (2015-2017). The tyre maker is also investing heavily in development and marketing of ultra-large radial tyres for mining and construction equipment. Recently, Yokohama started production of truck and bus tyres at its new plant in Mississippi, US.

ATG has 3 manufacturing facilities  - 2 in India and 1 in Israel. It has reported annual sales of $529 million and operating profit of $95 million in financial year 2015-16.

You Might Also Be Interested In

Latest Tyres

  • Car
  • Bike
  • Truck
  • SPORTRAD
    SPORTRAD
    110/70Z R17 54W
    Rs5,999
    • iconBike Tyre
    • icon
    • iconFuel Efficient
    • iconWet Grip
    View March Offers
  • Zapper C1
    Zapper C1
    90/100 R10
    Rs1,345
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View March Offers
  • Centauro NS
    Centauro NS
    190/55 R17
    Price Coming Soon
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View March Offers
  • Smart Blaze RYDR BR43
    Smart Blaze RYDR BR43
    140/70-17
    Rs4,200
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View March Offers
  • Conta 725
    Conta 725
    90/90 R12
    Rs1,490
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View March Offers
  • icon5
    M6303
    M6303
    90/90 R12 54J
    Price Coming Soon
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View March Offers
  • BT SPORTMAXX
    BT SPORTMAXX
    140/70 R17
    Price Coming Soon
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View March Offers
  • Feelfree
    Feelfree
    120/70 R15 56H M/C
    Price Coming Soon
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View March Offers

Best Tyres

  • Car
  • Bike
  • Truck
  • SecuraDrive
    SecuraDrive
    205/60 R16
    Rs6,870
    • iconCar Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View March Offers
  • Fuel Smarrt
    Fuel Smarrt
    165/80 R14 85T
    Rs3,720
    • iconCar Tyre
    • iconTubeless
    • iconFuel efficient
    • iconDry Grip
    View March Offers
  • Milaze
    Milaze
    145 R12
    Rs1,976
    • iconCar Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View March Offers
  • ZVTV
    ZVTV
    185/65 R15 88T
    Rs4,299
    • iconCar Tyre
    • iconTubeless
    • iconWet Grip
    • iconDry Grip
    View March Offers
  • Sturdo
    Sturdo
    205/55 R16
    Rs10,814
    • iconCar Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View March Offers
  • ZLX
    ZLX
    165/80 R14 85T
    Rs4,683
    • iconCar Tyre
    • iconTubeless
    • iconWet Grip
    • iconDry Grip
    View March Offers
  • icon5
    Energy XM2
    Energy XM2
    165/70 R14 81T
    Rs3,880
    • iconCar Tyre
    • iconTubeless
    • iconHandling
    • iconWet Grip
    View March Offers
  • icon5
    Earth-1E400
    Earth-1E400
    185/65 R15 88H
    Rs6,563
    • iconCar Tyre
    • iconTubeless
    • iconFuel efficient
    • iconHandling
    View March Offers
×
Which is your city ?