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

  • Helbiz to buy Wheels
    June 22, 2022
    Wheels provides sit-down vehicles, setting it apart from many micromobility offerings
    Read More
  • MaaS Global buys Brazil's Quicko
    April 6, 2022
    Whim app firm says LatAm country can 'hop over' car ownership and go straight to MaaS
    Read More
  • EETS: still struggling to become reality
    December 4, 2013
    Erich Erker, Norbert Schindler, Peter Tschulik from Siemens Electronic Tolling examine the barriers to EETS deployment. Tolling in Europe was introduced to pay for the construction and operation of individual tunnels, bridges and highways and has evolved in major steps. The original manual tolling systems were highly disruptive to traffic flow and required the creation of large toll plazas, with multiple lanes and toll booths to ensure an acceptable throughput. With the introduction of Dedicated Short Range
    Read More
  • Sensys Networks and Econolite partner on wireless vehicle detection
    June 3, 2015
    Sensys Networks and Econolite used their appearance at the ITS America Annual Meeting to stage a ‘shake on it’ photo to celebrate their expanded sales and distribution. As part of the new contract announced last month, Econolite will offer branded versions of the Sensys Networks wireless vehicle detection system, including in-ground vehicle and bicycle detection sensors, software and accessories in select North American markets. “Our wireless sensing platform has become the technology of choice for vehicle
    Read More

Highlighted Content