Tire Capital LLC acquired 75% stake in Delticom North America Inc. from Delticom AG (XTRA:DEX) for $8 million on January 14, 2022. Delticom AG will receive an amount between $7 million and $8 million for its 75% stake in Delticom North America Inc. The sales price is subject to customary market adjustment mechanisms. The closing of the contract is subject to conditions which Delticom AG considers to be largely likely to occur and is expected to take place in the second half of February 2022.

Tire Capital LLC completed the acquisition of 75% stake in Delticom North America Inc. from Delticom AG (XTRA:DEX) on January 14, 2022.