Titan International agrees to sell ITM undercarriage business
Titan International agreed to sell its ITM undercarriage business to USCO for $207M plus up to $6M earnout, with expected adjustments of ~$23M and $49M in dividends, totaling up to ~$285M. Closing is expected in early Jan 2027, subject to approvals.
Titan International agreed to sell its ITM undercarriage business to USCO for $207M plus up to $6M in earnout. The deal includes expected adjustments of about $23M and $49M in dividends, bringing total proceeds to up to about $285M. Closing is expected in early Jan 2027, subject to approvals.