Global leader in tires and rubber building Bridgestone Mining Solutions Australia has acquired Otraco International Pty Ltd (Otraco) from Downer EDI Limited.
The $79 million deal is part of the company’s strategic growth investment to accelerate global expansion of its solutions business.
Bridgestone plans to place a number of strategic growth investments in order to strengthen its tire business as a core business and expand its solutions business as a growth business.
This will allow the company to evolve into a sustainable solutions company that continues to provide social and customer value.
Otraco is a provider of off-the-road tire management solutions with professional tire technicians at mine sites in Australia, Chile, and South Africa.
It also offers its patented computerized tire management system (Otracom) to mining companies for safe and efficient operations.
“Otraco will reinforce Bridgestone Group’s service network, which is already in a global leading position. It will also create synergy with the Group’s mining tire and solutions business,” it is stated in the company announcement.