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

Related Content

  • Cale Access adds parking enforcement to product range
    January 10, 2013
    Swedish parking services provider Cale Access has expanded its product offering with the acquisition of parking enforcement company Mobiway, manufacturer of Smartpark and Nice, a complete solution for enforcement queries and permits. Cale Access says this acquisition, and the addition of Smartpark to the current product offering, is a further step in the group’s ongoing strategy to offer complete parking solutions. “This solution is exactly what the industry needs to connect all payment suppliers on the mar
    Read More
  • Bridgestone invests in AV transit
    March 22, 2022
    Tyre specialist takes minority stake in US-based AV transport provider May Mobility
    Read More
  • Yotta DCL completes Mayrise Systems acquisition
    July 24, 2013
    Yotta DCL has completed its acquisition of Mayrise Systems, enabling the two companies to strengthen their asset management systems and services business in the UK and overseas. Yotta DCL, the highways technology arm of Oxford Metrics Group (OMG), has long been a business partner with complementary software and services for highways condition management and visualised asset management, as well as extensive highways surveying and consultancy services. Mayrise provides desktop and mobile software and IT servi
    Read More
  • Schneider Electric to acquire Telvent for $2 billion
    January 27, 2012
    Schneider Electric has signed a definitive agreement with Telvent GIT to make a cash tender offer for all of Telvent's shares at a price of $40 per share, which represents a premium of 36% to Telvent's average share price over the last 3 months.
    Read More

Highlighted Content