TRELLEBORG, Sweden — Trelleborg Wheel Systems S.p.A. has acquired Provana Solutions S.r.l. and Provana Quality Center S.r.l., an Italian distributor and service provider of farm tires and wheels, to improve its European aftermarket presence.
Based in Izano in northern Italy, Provana Solutions offers tires and complete wheels to tractor dealers and farmers in the country, Trelleborg said, while Provana Quality Center provides tire testing solutions to agricultural machinery OEMs.
Terms of the deal were not disclosed. Owned by the Provana family, the acquired businesses posted combined sales in 2018 of roughly $6.5 million.
"Using the foundation provided by the company, we can extend the concept for tire services in the aftermarket for agricultural tires in Europe," Trelleborg Wheel Systems President Paolo Pompei said.
Trelleborg's Interfit business already distributes and offers service within the industrial tires segment.
This is Trelleborg Wheel's third acquisition in the distribution sector in the past seven months. The others were Pneus ICM Inc. of Montreal and TRS Tyre & Wheel Ltd. in New Zealand,
Bolt-on acquisitions, Trelleborg said, are part of the company's strategy to strengthen its positions in "attractive market segments."