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

  • Smart transportation market worth $104.19 billion by 2019
    April 1, 2014
    MarketsandMarkets recently conducted a study on the Smart Transportation Market by Solutions (Ticketing Management, Parking Management, Passenger Information, Traffic Management) & Services (Cloud, Professional, Business) Global Advancements, Application Roadmaps - Forecasts and Analysis 2014-2019, which concludes that the smart transportation market is expected to grow from US$45.05 billion in 2014 to US$104.19 billion by 2019. Congestion, emergence of cloud services, need of sustainable solutions, and
    Read More
  • IRD to supply WIM equipment to Paraguay
    December 13, 2012
    The Chilean subsidiary of Canadian highway traffic management technology company International Road Dynamics (IRD) has been awarded a major contract state of the art weigh in motion (WIM) and related control equipment to a customer in Paraguay. The contract, valued at around US$3.6 million, was awarded to PAT Traffic and also includes a central control centre connected to all the weigh stations to provide real-time station management and statistical reporting. It is anticipated the project will be completed
    Read More
  • Micronet to distribute PTV truck navigation
    September 25, 2015
    Rugged computer and tabled supplier Micronet Enertec Technologies has signed a distribution agreement with Germany-based PTV Group under which it will distribute PTV's truck and fleet specific navigation solution PTV Navigator. PTV's professional navigation solution, which will be provided on rugged Micronet’s Android tablet A-317 calculates the most efficient route for trucks based on the type of vehicle, including a wide range of attributes such as HGV restrictions, clearance heights, load capacity of
    Read More
  • User-based insurance joins the battle for big data
    November 10, 2015
    User-based insurance is blazing a trail others would like to follow and is also discovering the challenges. The ITS sector needs to keep a very careful eye on the automotive industry: “There’s a war going on in the connected car space creating richer datasets than we ever imagined possible” says Paul Stacy, research and development director of Wunelli, part of the LexisNexis group. The car makers have gone way beyond infotainment, unlocking huge amounts of data in the process … facts and figures which the i
    Read More

Highlighted Content