Titan International Sells ITM Undercarriage Unit to USCO for $285M
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West Chicago, Illinois – September 21, 2026 -- Titan International (NYSE: TWI) has agreed to sell its Italtractor ITM undercarriage business to Italy's USCO S.p.A. in a deal set to deliver up to $285 million in total cash value to the wheel and tire manufacturer.
Deal structure delivers up to $285 million across multiple payment streams
Titan will receive an initial purchase price of $207 million, plus up to $6 million in earnout proceeds tied to ITM's 2026 performance targets. Customary net-asset adjustments at closing are expected to add roughly $23 million in additional value. Titan has also received or expects to receive $49 million in dividends from ITM, including $38 million collected in recent years and $11 million anticipated before closing.