On Monday, 21 September, Titan International, Inc. announced that it had signed a definitive agreement to sell its Italtractor ITM business to USCO S.p.A. The transaction is expected to close in January 2027, subject to customary closing conditions, including the required regulatory approvals.
Until completion of the transaction, ITM and USCO will continue to operate in the ordinary course of business.
Maria Cecilia La Manna, CEO of the ITM Group, stated: “This decision follows careful consideration and reflects our belief that bringing ITM and USCO together will open up new opportunities for development, consolidation and growth. By combining skills, experience and resources, we can build a stronger and more competitive business. As part of USCO, ITM will be well positioned to reinforce its role as a global provider of undercarriage components and complete undercarriage solutions, with greater focus and resources to support long-term growth, customer service, product innovation and geographic expansion.”
Founded in 1989 and headquartered in Modena, Italy, USCO Group is an international industrial group specializing in components and solutions for earthmoving machinery. Through its globally recognized ITR brand, the Group serves the construction, mining and agricultural equipment sectors with undercarriage parts, repair parts and related services. In 2025, USCO reported pro-forma turnover of approximately EUR 1.0 billion and today operates 16 manufacturing sites and 90 distribution and service centers worldwide, employing approximately 2,600 people.