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

  • Coach crash-prevention system tracks drivers' eyes
    December 11, 2013
    Australian facial tracking systems developer Seeing Machines has teamed up with European coach and tour operator Royal Beuk, in a deal that will see the deployment of automated fatigue monitoring systems to ensure driver alertness and safeguard coach passengers. The Seeing Machines fatigue monitoring system is based on patented eye-tracking technology that can detect if a driver is distracted or falling asleep at the wheel. Using sensing equipment that requires no re-calibration between different drive
    Read More
  • Goodyear announces intelligent tyre trial for semi-autonomous fleet
    September 11, 2017
    Tyre manufacturer Goodyear is applying its expertise to a fleet of semi-autonomous electric cars, by equipping Tesloop, a city-to-city mobility service that exclusively uses Tesla electric vehicles, with wireless sensors in its tyres to improve overall tyre management and maximise uptime for its growing fleet. The wireless sensors continuously measure and record tyre temperature and pressure, which is paired with other vehicle data and connected to Goodyear’s cloud-based proprietary algorithms to enhan
    Read More
  • From sunlight to street light
    March 23, 2016
    A zero-emission LED street light which its Danish developer, Scotia, claims eliminates electricity costs and feed energy back into the grid has been installed in a car park in Copenhagen for seven years and, says have consistently produced five per cent above their initially predicted yield, with no fall-off. Commissioned by the Danish Government and the United Nations as examples of future zero-emission street lighting for the COP 15 Conference on Climate Change which was held there in December 2009,
    Read More
  • Jupiter Systems reports strong worldwide sales
    June 15, 2012
    Jupiter Systems, a specialist in visualisation and collaboration solutions for display walls and networked PCs, has announced its twentieth consecutive year of profitability and growth, driven by strong worldwide sales, strategic investments, and continued innovation and product quality. “Achieving our twentieth consecutive year of profitability and sales growth over the recent challenging economic period represents a significant accomplishment,” said Eric Wogsberg, the company’s president. “Strategic inves
    Read More

Highlighted Content