Tyre manufacturer, Nokian Heavy Tyres, has acquired heavy equipment wheel company, Levypyörä Oy.
With its two business lines, wheels and steel structures, Levypyörä serves OEMs and aftermarket customers in forestry, agriculture and earthmoving applications.
Annual net sales of Levypyörä is reported to be approximately €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,” said Nokian Heavy Tyres Managing Director, Manu Salmi.
“Levypyörä has already been a trusted partner of ours for many years,” he said. “The acquisition provides additional growth opportunities and offers a full-service solution for our key OE and AM customers.”
“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,” said Levypyörä Managing Director, Lars Ojansuu.
Levypyörä was founded 64 years ago and it employs approximately 100 people in Nastola, Finland. Levypyörä was a part of Weckman Steel corporation.
(Image: Nokian Heavy Tyres Managing Director, Manu Salmi.)