Bridgestone Americas Acquires Azuga
August 3, 2021
Bridgestone Americas has agreed to acquire Azuga Holdings, Inc., a fleet management software and connected-vehicle platform, for $391 million from Sumeru Equity Partners, Danlaw and other shareholders. The purchase will accelerate Bridgestone's development of cloud-based mobility and telematics solutions, integrating Azuga's GPS tracking, video telematics and fleet analytics into Bridgestone's mobility offerings; the deal is expected to close by the end of the third quarter, subject to customary conditions.
- Buyers
- Bridgestone Americas, Inc.
- Targets
- Azuga Holdings, Inc.
- Sellers
- Sumeru Equity Partners, Danlaw, Inc., Other shareholders
- Industry
- Cloud & SaaS
- Location
- California, United States
- Transaction Type
- Buyout
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