Titan International agrees to sell ITM undercarriage unit to USCO for USD 207 million
TWI•Closing expected in early January 2027
Closing is targeted for early January 2027, pending customary conditions.
Proceeds are expected to support debt reduction, balance sheet strengthening, investment in the core wheel and tire business, and potential acquisitions and partnerships.
Titan agrees to divest Italtractor ITM undercarriage business
Titan International reached a definitive deal to sell its Italtractor ITM undercarriage business to USCO.
Consideration includes USD 207 million upfront, plus up to USD 6 million in earnout tied to 2026 performance.
Net asset adjustments are expected to add about USD 23 million, lifting the total cash value to about USD 285 million including dividends.
