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

  • Q-Free continues to strengthen ATMS business
    April 23, 2014
    Following its recent acquisition of TDC Systems in the UK, Q-Free is to acquire Slovenian company Traffic Design, an acquisition that reflects a continuation of Q-Free’s strategy to strengthen its business within Advanced Transportation Management Systems (ATMS). Traffic Design was established in 1990 and is the market leader in traffic management, parking systems and tolling in Slovenia. The company has installed traffic management and parking systems nationwide and is the operator of the country’s tol
    Read More
  • PTV Group puts new business management in place in UK and Scandinavia
    November 10, 2016
    Following its acquisition of UK-based Distribution Planning Software International, PTV Group has put a new management team in place in the UK and Scandinavia. Both companies offer route planning software designed for the transport logistics sector and the deal expands the international market for their products.
    Read More
  • Inspace chevrons create safer space
    April 6, 2020
    Illuminated chevrons and safety signage applications from UK business Inspace Media are creating a safer working environment for highway maintenance workers.
    Read More
  • Terrestrial solution to stellar shortcomings
    December 5, 2013
    Inherent weaknesses in satellite communications are leading several countries to re-evaluate terrestrial-based backup systems. There is a tale frequently told in satellite navigation circles, of how landing systems at Newark Airport were disrupted by a truck driver using GPS jamming equipment as he drove along the New Jersey Turnpike. While there was no threat to flight safety as the interference to GPS reference stations being tested, the story highlights how apparently benign threats have the potential t
    Read More

Highlighted Content