Michelin completes the acquisition of Sascar

Michelin has completed the acquisition of all outstanding shares of Brazil’s leading fleet management and freight security company, Sascar. Sascar already manages 33,000 fleets and 190,000 trucks in Brazil, and the acquisition will enable Michelin to expand its offering in the fleet management business and to speed the growth of its truck tyre business in Brazil, while providing Sascar access to major customers in South America through Michelin’s distribution network.
September 3, 2014 Read time: 1 min

7794 Michelin has completed the acquisition of all outstanding shares of Brazil’s leading fleet management and freight security company, Sascar.

7793 Sascar already manages 33,000 fleets and 190,000 trucks in Brazil, and the acquisition will enable Michelin to expand its offering in the fleet management business and to speed the growth of its truck tyre business in Brazil, while providing Sascar access to major customers in South America through Michelin’s distribution network.

Location Based Systems

For more information on companies in this article

Related Content

  • Automotive players targeting corporate mobility
    April 14, 2015
    Offering services that facilitate an integrated door-to-door business travel management solution is one of the main focus areas for growth and investment in 2015 in the automotive industry, according to Frost & Sullivan. With the business travel market worth US$1.3 trillion (GBTA), there is an increasing trend towards companies using online booking tools and cloud based services to plan, book, and expense/account business trips. Automotive market players are working to have their share of the future corpora
    Read More
  • Necessity is the mother of invention
    April 6, 2016
    The Netherlands aims to lead Europe, and the world, in the area of cooperative ITS and smart mobility. That’s not an aspiration – it’s a necessity as Frans op de Beek, principal advisor for traffic management and ITS within the Rijkswaterstaat, the Ministry for Infrastructure and the Environment, explains.
    Read More
  • Goodyear unveils smart tyre for future urban fleets
    September 19, 2017
    Goodyear has unveiled its IntelliGrip Urban, a concept tyre designed for future-generation, autonomous, electric ride-sharing vehicles in urban areas. The tyre, equipped with sensor-in-tyre technology, is designed to support autonomous vehicle control systems and enhance passenger safety by sensing road and weather conditions. By gathering this critical data and sending it directly to the vehicle’s computer system, it enables the car to optimise speed, braking, handling and stability.
    Read More
  • Uber establishes JV in South Korea 
    October 30, 2020
    Uber is to combine its ride-hailing tech with T Map Mobility's network of drivers
    Read More

Highlighted Content