On March 25, Yokohama Rubber announced that it would acquire Trelleborg Wheel Systems at a price of 2.1 billion euros (about 14.73 billion yuan).

According to China Rubber Magazine, as early as January this year, there was news that the intention of this merger and acquisition transaction was revealed.

Yokohama Rubber has explicitly confirmed this time that it has entered into a share purchase agreement with Sweden's Trelleborg AG to purchase all issued shares of Trelleborg Wheel Systems.

It is said that the valuation of Trelleborg Wheel Systems is 2.04 billion euros.

In the acquisition agreement, the relevant clauses linked to performance were included, so the total acquisition price was increased by 60 million euros to 2.1 billion euros.

Trelleborg also confirmed the news.

It is reported that Trelleborg Wheel Systems includes tire manufacturing related businesses. The company has two tire manufacturing plants in China.