MergerLinks Header Logo

Announced

Completed

Bridgestone completed the acquisition of Azuga from Sumeru Equity and Danlaw for $391m.

Synopsis

Bridgestone, a firm that designs, produces, and sells automobile tires, completed the acquisition of Azuga, a developer of connected vehicle, fleet and telematics software and tools, from Sumeru Equity, a technology-focused private equity firm, and Danlaw, a hardware and software engineering services company, for $391m. "Azuga is revolutionizing the way that fleets do business in the US with class-leading software and a rapid innovation process that will further advance Bridgestone's vision to be a sustainable solutions company. We are working toward providing the most sustainable and intelligent solutions for safer and more efficient mobility, and Azuga will help us accelerate their development and deployment to our customers," Paolo Ferrari, Bridgestone Global Chief Solutions Business Officer.

Show Details & Financials

Did you work on this deal?

Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.

Sort

By continuing, you agree to our Terms & Conditions and our Data Privacy Policy

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US