Bridgestone Americas Inc. will acquire Azuga Holdings Inc. and its fleet management platform for $391 million.
The acquisition will allow Bridgestone to accelerate its efforts "to develop and deploy sustainable mobility solutions as a central pillar of the company's advanced mobility strategy," say officials from the tiremaker.
The deal is expected to close by the end of the third quarter.
Azuga's fleet platform includes advanced safety and fleet management tools "will complement the existing Bridgestone portfolio of cloud-based fleet mobility solutions.
"The acquisition of Azuga will rapidly advance Bridgestone's comprehensive solutions for small-to-enterprise-sized fleets, providing real-time vehicle operations insights and data analytics that will improve safety, increase efficiency and enhance customer service experiences."
