Titan International agrees to sell ITM undercarriage unit to USCO for USD 207 million

Titan International reached a definitive deal to sell its Italtractor ITM undercarriage business to USCO. Consideration includes USD 207 million upfront, up to USD 6 million earnout tied to 2026 performance. Net asset adjustments are expected to add about USD 23 million, lifting total cash value to about USD 285 million including dividends. Closing is targeted for early January 2027, pending customary conditions.