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New Deal


Announced

Completed

Bridgestone completed the acquisition of iTrack Solutions Business from Transense Technologies.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Electronic Equipment: Other

tire management

Friendly

Private

Cross Border

Completed

United Kingdom

Majority

Single Bidder

Acquisition

Synopsis

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Bridgestone, a tire and rubber company, completed the acquisition of iTrack Solutions Business, a globally-preferred provider of tire management solutions for the off-the-road vehicle market, from Transense Technologies, a technology research licensing company. Financial terms were not disclosed. "This acquisition helps move Bridgestone closer to its goal of becoming a leader in sustainable and advanced mobility solutions. As a global solutions provider, Bridgestone will create new value for our customers by delivering tire and mobility-related data that enhance their operations," Tomohiro Kusano, Bridgestone Vice President and Senior Officer.

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