The iTrack Solutions business which is one of the largest provider of tyre management solutions for off-road vehicles market based in UK has been acquired by Bridgestone Corporation, a leading tyre manufacturing company.
The iTrack tyre pressure monitoring system collects accurate data on real-time tyre performance and vehicle location.
The iTrack solutions offers a tyre pressure monitoring system which is specially designed to be equipped in large earthmover tyres. The itrack not only provides data on tyre temperature and pressure but also gives customizable geofencing, speed alert and more to help off-the-road tyre customers to optimize their operations to get increased productivity and profitability.
According to Tomohir Kusano, vice-president and senior officer for G-MAA solutions at Bridgestone Corporation, the acquisition of the iTrack Solutions by Bridgestone allows the company to grow into being the leader in sustainable and advanced solution for mobility.
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He further added that, Bridgestone which is a global solution provider will create new value for the customers by delivering mobility and tyre related data that should enhance the operations of the customers business.
Bridgestone had entered into a collaboration agreement with Transense Technologies plc. in the month of August last year and had began suggesting off-the-road vehicle customers to check out the iTrack solutions platform.
The response from the customers have been Overwhelmingly positive about the tyre-management platform according to Bridgestone.
Bridgestone corporation is planning to expand this platform to additional off-the-road vehicle owners as they will fully integrate the solution into the company's portfolio.
To make sure that the transition of all employees of the iTrack solutions goes smooth, Bridgestone corporation will acquire them as a part of the acquisition.
The acquisition of the iTrack solution will venture into a prosperous business for Bridgestone corporation since mobility and tyre solutions have a great demand in conducting the business operations by customers who require data for improvement.
