Bridgestone Mining Solutions Australia Pty Ltd has completed the acquisition of Otraco International Pty Ltd, a major OTR tyre management solutions provider, from Downer EDI Ltd, after getting regulatory approvals and satisfying other customary conditions. The transaction is valued at A$79 million.

This acquisition is a part of strategic growth investment to accelerate global expansion of its solutions business planned in the Mid Term Business Plan (2021-2023), aligned with the vision ‘Toward 2050.’ Bridgestone says it continues to provide social value and customer value, as a sustainable solutions company adding that it regards its mining tyres and solutions business with great importance, in which the group “continuously and proactively injects its strategic resources.”

Otraco is a mining tyre management solutions provider, having skilled tyre technicians located at minesites in Australia, Chile and South Africa. It also provides its proprietary computerised tyre management system (Otracom) for safe and efficient operations of mining customers. Otraco will reinforce Bridgestone Group’s service network, which is already in a globally leading position. It will also create synergy with the Group’s mining solutions business.

Bridgestone Group provides proprietary mining solutions business globally, which aims to support safe and efficient operations of mining customers, contributing to the improvement of their productivity, and addressing sustainability issues such as reduction of CO₂ emissions and increasing resource productivity.

Based on the Mid Term Business Plan (2021-2023), the Bridgestone Group will execute strategic growth investments to strengthen its tyre business as core business, “and expand its solutions business as growth business, to evolve into a sustainable solutions company that continues to provide social and customer value.”