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Announced

Completed

Clarience Technologies completed the acquisition of Pressure Systems International.

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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Acquisition

Majority

Friendly

Completed

inflation systems

Domestic

Electronic Components and Equipment

Single Bidder

Private

United States

Synopsis

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Clarience Technologies, an electronics, technology, telematics and data analytics company, completed the acquisition of Pressure Systems International, a provider of automatic tire inflation systems for commercial truck trailers. Financial terms were not disclosed. "In 1993, we imagined a better way for fleets to keep their tires at the correct tire pressure. We realized quickly we were doing more than forming a new company — we were launching a new industry. Now, as part of Clarience Technologies, we can continue delivering future innovations to transportation," Tim Musgrave, Pressure Systems Technologies President and CEO.

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