Nokian Heavy Tyres has acquired Finnish heavy equipment wheel company Levypyora Oy. This company has two business lines, wheels and steel structures, and serves several original equipment (OE) manufacturers and aftermarket customers (AM) in forestry, agriculture and earthmoving applications. Source: Timberbiz
Annual net sales of Levypyörä is approximately EUR 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. Levypyörä has already been a trusted partner of ours for many years. The acquisition provides additional growth opportunities and offers a full service solution for our key OE and AM customers” Manu Salmi, Managing Director, Nokian Heavy Tyres said.
“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,” Lars Ojansuu, Managing Director, Levypyörä said.
Levypyörä was started 64 years ago and now employs around 100 people in Finland. The company is a provider of wheels for heavy OE and aftermarket applications and is committed to developing eco-friendly processes. Levypyörä was a part of Weckman Steel corporation.
