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

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.