NOKIAN Heavy Tyres has acquired Finnish heavy equipment wheel company Levypyörä Oy.
With its two business lines, wheels and steel structures, Levypyörä serves several original equipment (OE) manufacturers and aftermarket customers (AM) in forestry, agriculture and earthmoving applications. Annual net sales of Levypyörä are approximately €18 million.
Manu Salmi, managing director, Nokian Heavy Tyres (pictured), said: “With the acquisition, Nokian Heavy Tyres can offer innovative new solutions to its existing customers and increase wheel volume as well as further improve its service level. Levypyörä has already been a trusted partner of ours for many years. The acquisition provides additional growth opportunities and offers a full-service solution for our key OE and AM customers.”
Lars Ojansuu, managing director, Levypyörä added: “Being a part of a leading speciality tyre manufacturer gives us a great opportunity to further grow and develop Levypyörä products and services globally and strengthen our current customer and supplier relationships.”
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