Mergers & Acquisitions ·
Titan sells Italtractor for up to $285M in cash to reduce debt and fund growth
TWITitan International Inc
Titan International, Inc. entered into a definitive agreement on September 21, 2026, to sell its wholly-owned subsidiary Italtractor ITM S.p.A. (ITM) to USCO S.p.A. for an initial purchase price of approximately $207 million in cash. The transaction includes up to a $6 million earnout based on 2026 performance criteria and customary closing adjustments expected to add approximately $23 million, yielding total proceeds of up to roughly $285 million when combined with $49 million in dividends received or expected prior to closing. Titan intends to use the proceeds to reduce debt and fund strategic growth investments. The sale is subject to regulatory approvals and is expected to close in January 2027. Concurrently, Chief Operating Officer Max Narancich resigned effective October 9, 2026. Titan International operates as a global manufacturer of off-highway wheels, tires, and undercarriage products.