Global tire company Bridgestone Corp. says it has completed the purchase of the iTrack Solutions business unit from United Kingdom-based Transense Technologies PLC. Bridgestone describes iTrack as “a globally-preferred provider of tire management solutions for the off-the-road (OTR) vehicle market.”
Tokyo-based Bridgestone says iTrack’s tire pressure monitoring system captures accurate, real-time tire data and live vehicle location tracking information.
“This acquisition helps move Bridgestone closer to its goal of becoming a leader in sustainable and advanced mobility solutions,” says Tomohiro Kusano, vice president and senior officer, G-MAA (Mining, Aircraft, Agriculture) solutions business at Bridgestone Corp. “As a global solutions provider, Bridgestone will create new value for our customers by delivering tire and mobility-related data that enhances their operations.”
The iTrack business model has focused on the mining sector, but Bridgestone says it will “expand this offering to additional OTR customers as it fully integrates the solution into its portfolio.”
Bridgestone also says all employees of the iTrack Solutions Business will join Bridgestone as part of the acquisition.