Yokohama-Trelleborg Deal Approved

March 28, 2023

Yokohama Rubber Co. Ltd. says it has received needed regulatory approval to acquire Trelleborg Wheel Systems.

On March 28, the Competition and Markets Authority (United Kingdom) granted "unconditional clearance" for Yokohama to proceed with the acquisition, which was announced in March 2022.

"The transaction now has been approved in all countries and regions that require prior approval based on applicable anti-trust laws," say Yokohama officials.