Bridgestone Mining Solutions Australia Pty Ltd entered into an agreement to acquire Otraco International Pty Ltd. from Downer EDI Limited (ASX:DOW) for an enterprise value of AUD 79 million on April 26, 2021. The transaction is subject to regulatory approvals and other customary conditions. The transaction is expected to complete before the end of 2021. Macquarie acted as financial advisor to Downer EDI. Joseph Fisher, Nicole Pedler, Graeme Preston and Henry Simpson of Herbert Smith Freehills LLP acted as legal advisor to the Bridgestone Mining Solutions Australia Pty Ltd.

Bridgestone Mining Solutions Australia Pty Ltd completed the acquisition of Otraco International Pty Ltd. from Downer EDI Limited (ASX:DOW) on December 1, 2021.