Bridgestone acquiring mining tyre management system supplier

Bridgestone is to acquire the Otraco OTR tyre management solutions business from Downer EDI, continuing its growth strategy. The acquisition will be made by the number one tyre manufacturer’s group company, Bridgestone Mining Solutions Australia Pty. Ltd. Bridgestone said the acquisition will accelerate the growth of its global mining solutions business and expand the company’s service network in key markets such as Australia, Chile and South Africa. Bridgestone wants to complete the transaction, valued at 79 million Australian dollars (approximately £44 million), by the end of 2021.