Yokohama has announced that its acquisition of Goodyear Tire & Rubber’s OTR business concluded on February 4. The OTR business provides specialized tires for mining and construction, among other industries.
The agreement on the transaction was announced on July 22, 2024. Yokohama plans to include the acquired business in its consolidated results from the first quarter of 2025 and is currently examining the estimated impact on earnings.
The acquisition is a strategic investment aimed at achieving ‘hockey-stick growth’ during Yokohama Transformation 2026 (YX2026), the company’s medium-term management plan for fiscal years 2024-2026.
Goodyear’s OTR business includes an extensive line-up of mining and construction machinery tires with diameters ranging from 25 inches or less to large- and ultra-large sizes of 49 to 63 inches. The acquisition also brings to Yokohama Goodyear’s advanced technologies, strong brand power and professional services provided by skilled staff.
The acquisition is a vital part of Yokohama’s effort to expand its off-highway tire (OHT) product line-up and its production and supply capabilities in all OHT categories, including tires for mining and construction machinery.
