Acquisition is part of Nokian’s growth strategy
As part of its growth strategy, Nokian Heavy Tyres is acquiring a 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. The company, founded 64 years ago, has annual net sales of approximately EUR 18 million.
“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,” remarked Manu Salmi, Managing Director, Nokian Heavy Tyres.
“Being a part of a leading specialty tire manufacturer gives us a great opportunity to further grow and develop Levypyörä products and services globally and strengthen our current customer and supplier relationships”, says Lars Ojansuu, Managing Director, Levypyörä.
