Yokohama Rubber Co., Ltd. has officially completed its acquisition of The Goodyear Tire & Rubber Company’s Off-the-Road (OTR) tyre business. The deal, finalised on 4th February 2025 (JST, 3rd February in the US), marks a significant milestone in Yokohama’s ambitious Yokohama Transformation 2026 (YX2026) strategy.
The acquisition, initially announced on 22nd July 2024, positions Yokohama as a more dominant player in the global off-highway tyre (OHT) sector. The former Goodyear OTR business, which specialises in tyres for the mining and construction industries, reported annual sales of $678 million in fiscal 2023 and employs approximately 500 staff.
Yokohama’s acquisition aligns with its broader growth ambitions under YX2026, aiming to accelerate business expansion, particularly in the OHT sector. The acquired business includes a comprehensive product range, covering tyres from 25 inches to ultra-large 63-inch models. Additionally, Yokohama benefits from advanced technologies, strong brand equity, and the expertise of skilled professionals from Goodyear’s former OTR operations.
With this acquisition, Yokohama significantly enhances its production and supply capabilities in all OHT categories, reinforcing its market position in tyres for mining and construction machinery. This move is expected to boost competitiveness and corporate value, ensuring Yokohama remains a leading force in the industry.
The financial impact of the acquisition on Yokohama’s consolidated earnings will be reflected in the first quarter of 2025.
What has Yokohama acquired?
The Off-the-Road (OTR) tyre business from Goodyear, specialising in mining and construction tyres.
Why is this acquisition significant?
It strengthens Yokohama’s off-highway tyre market position and aligns with its YX2026 growth strategy.
How big is the acquired business?
How will this impact Yokohama?
The acquisition expands Yokohama’s OHT product lineup and production capabilities, boosting competitiveness and corporate value.
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