Bridgestone to Aquire Fleet Mgmt Software Provider

Bridgestone Americas will purchase Azuga Holdings, Inc. and the Azuga fleet management platform for $391 million. The transaction is expected to close by the end of the third quarter.

The acquisition of Azuga will provide real-time vehicle operations insights and data analytics to customers, according to the company. Bridgestone will also utilize Azuga’s fleet data capture platform for its tire products and AI solutions.

“Azuga is revolutionizing the way that fleets do business in the U.S. with class-leading software and a rapid innovation process that will further advance Bridgestone’s vision to be a sustainable solutions company,” said Paolo Ferrari, Global Chief Solutions Business Officer, Bridgestone Corporation, and President and CEO, Bridgestone Americas. “We are working toward providing the most sustainable and intelligent solutions for safer and more efficient mobility, and Azuga will help us accelerate their development and deployment to our customers.”

Azuga is a technology company that has developed a fleet management platform with GPS tracking, video telematics, driver behavior management, and accident reduction solutions for insurers. These solutions create value for fleets and insurers through improved safety on the road, as well as reduced fuel consumption and wear and tear on vehicles. Azuga will maintain its headquarters in Silicon Valley. All Azuga employees and facilities across the U.S. and India will join Bridgestone upon completion of the transaction.