OTR Tyres acquires Titan’s Australian Operations
OTR Tyres, a leading integrated supplier and service specialist for off-the-road tyres and wheels, has acquired Titan Group International’s Australian operations. The transaction, which closed on 31 March, returns $23m in value to Titan and will expand OTR into Australia’s east coast, capitalising on key mining and agricultural hubs.
OTR’s West Australian business, led by its directors, Darryl Bentley, Rob Williams and Mick Stupar, has a clear strategy to accelerate its capability and presence Australia-wide, as a diversified provider of wheel and tyre solutions.
“We have a strong team, established reputation and the largest mobile tyre handling fleet in Western Australia, and our acquisition of Titan Australia puts us in a unique position to immediately replicate our unparalleled business into Australia’s entire east coast market,” said Bentley.
“We’ve held a long-term relationship with Titan Australia and they run a first-class wheel manufacturing and service business that aligns with OTR’s business model. This acquisition will see us extend our track record in the mining, civil and transport sectors and to the agricultural sector as well.”
Headquartered in Perth, OTR has established a strategic presence in every major mining hub in Western Australia with supply depots in Kalgoorlie, Karratha and Port Hedland and a technical workforce of more than 50. Titan adds a Brisbane business centre and service locations in Emerald (north QLD), Muswellbrook (NSW) and Mildura (Vic).
With much of the company’s resource investment focused on mining applications, there are many scenarios where OTR is partnering with heavy industry on performance optimisation and design innovation to improve life of product, safety and reduce mobile equipment downtime.
“We’re not just your ‘run of the mill’ tyre and wheel supply and maintenance partner, we are constantly looking for better ways of doing things, ultimately to take pressure off our clients and give them assurance that their mobile plant and fleets are taken care of. From changing a single tyre or a fleet of tyres on a remote site, to certifying a rental mobile fleet’s wheels are fit for business – we have the pre-approvals, people and operating model to service it,” said Williams.
The joining of the two companies will provide OTR greater buying power and expand access to manufacturing relationships globally for wheels and tyres.
“A great business starts with great people and we certainly couldn’t have got to this point today without our dedicated team at OTR Tyres, and I also take this opportunity to welcome our colleagues at Titan Australia as well as thanking BDO Perth’s Mergers and Acquisitions Team and Squire Patton Boggs for their guidance throughout the sale,” said Bentley.
Our success is built on an agile and nimble operation and even through our rapid growth we’ve actively retained a culture that prides itself on ‘good, old-fashioned service’ and an ethos of ‘there’s nothing we can’t do to keep you moving’, which is, quite honestly, what has and will continue to differentiate us no matter where we operate.”