Bridgestone acquire iTrack Solutions Business
iTrack tyre pressure monitoring system captures accurate, real-time tyre data and live vehicle location tracking data
Bridgestone Corporation have completed the acquisition of the iTrack Solutions Business, a provider of tyre-management solutions for the off-the-road (OTR) vehicle market, from UK-based Transense Technologies plc.
The iTrack business offers a comprehensive tyre pressure monitoring system (TPMS) specially designed for large earthmover tyres. In addition to tyre temperature and pressure monitoring, the iTrack tyre-management platform provides customizable geofencing, speed alerts and more, to help OTR tyre customers optimize their operations for increased productivity and profitability.
‘This acquisition helps move Bridgestone closer to its goal of becoming a leader in sustainable and advanced mobility solutions,’ said Tomohiro Kusano, vice-president and senior officer responsible for global mining, aircraft and agriculture (G-MAA) solutions business at Bridgestone Corporation.
‘As a global solutions provider, Bridgestone will create new value for our customers by delivering tyre and mobility-related data that enhance their operations.’
Bridgestone entered into a joint collaboration agreement with Transense in August 2019 and began referring OTR customers to the iTrack solutions platform at that time.
Customer response to the tyre-management platform has been overwhelmingly positive, say Bridgestone, who will be expanding this offering to additional OTR customers as they fully integrate the solution into their portfolio.
To ensure a seamless transition, all employees of the iTrack Solutions Business will join Bridgestone as part of the acquisition.