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

  • InDrive makes its US ride-share debut
    August 17, 2023
    Riders and drivers in South Florida can now agree journeys together
    Read More
  • Growth of OEM telematics in new passenger cars
    March 3, 2016
    The latest research by ABI Research forecasts the global penetration of embedded and hybrid factory installed OEM telematics in new passenger cars to exceed 72 per cent by 2021. Growth will mainly be driven by key volume car OEMs in the US, European Union and China markets. Brands within these markets showing accelerated growth include GM, which expects to reach 12 million OnStar subscribers globally by the end of 2016, including its Opel brand in Europe and Cadillac in China; and Ford, which claims to have
    Read More
  • Abu Dhabi seeks safe and efficient multi-modal ITS solutions
    December 17, 2014
    Abu Dhabi’s Department of Transport is planning to roll out its second phase ITS Strategy and Action Plan through to 2019 which will deploy a host of innovative multimodal ITS solutions. The United Arab Emirates (UAE) is continuing to experience rapid growth in both its economy and population and none more so than its capital, Abu Dhabi. To cope with the current expansion, and in anticipation of future growth, the Abu Dhabi Surface Transport Master Plan has been devised by its Department of Transport and th
    Read More
  • New Zealand to trial mobile road weather data acquisition
    August 16, 2016
    From September 2016, MetService and the New Zealand Transport Agency will commence a road weather mobile data acquisition trial, in conjunction with road contractors Fulton Hogan and Downer. The aim of the trial is to provide MetService, the Transport Agency, road contractors and the travelling public with pre-warning of challenging and dangerous driving conditions or potential road closures during severe weather. The six-month trial follows a pilot sensor-assessment process and aims to expand road
    Read More

Highlighted Content