Announced
Completed
Financials
Tags
Acquisition
Majority
Friendly
Completed
inflation systems
Domestic
Electronic Components and Equipment
Single Bidder
Private
United States
Synopsis
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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