SAF-Holland acquires trailer tire pressure management company PressureGuard

SAF-Holland acquires trailer tire pressure management company PressureGuard

business-handshake-generic

SAF-Holland announced that it has acquired a majority stake in PressureGuard LLC, an automatic tire pressure management specialist based in Nashville, Tenn.

The deal gives SAF-Hooland a 51% stake in Pressure Guard, effective Jan. 9. A purchase option for the remaining outstanding shares in the company was agreed between SAF-Holland and the previous owner, Servitech Industries, Inc. This option may be exercised at a later date. The purchase price for the acquired stake is in the low single-digit million-dollar range. PressureGuard’s management team will remain with the company in their current roles to support the company’s ongoing production, as well as its integration into the SAF-Holland Group.

SAF-Holland says that sees great potential in PressureGuard’s tire pressure management technology to provide an even more comprehensive axle and suspension solution to its fleet customers in North America. This one-stop sourcing approach provides fleet managers with a single point of contact and ensures a fully engineered system design that addresses any compatibility issues up front, the company said. This approach also simplifies the warranty and after-sale support needed by today’s fleets, the company added.

“This acquisition is in line with our strategy of providing complete solutions to our customers and complements our product portfolio of a systems approach. This pre-assembled product addresses many of the challenges facing fleet managers today and simplifies the ordering, production and customer service processes. PressureGuard has proven itself in the market with a simple, yet robust design,” said SAF-Holland Chief Executive Officer Detlef Borghardt, in explaining the rationale for the acquisition.

You May Also Like

Bestpass hires new executives

The new hires are expected to help Bestpass scale service offerings and network integrations for commercial fleets and owner operators. 

logo-Bestpass-Shay-Demmons-Scott-Chao-executive-hires

Bestpass, a developer of toll management and safety solutions for commercial fleets, announced two additions to its leadership team. Bestpass welcomes Scott Chao (pictured above left), as chief marketing officer and Shay Demmons (right) as chief product officer. The company says these hires will aid in its commitment to scale service offerings and network integrations for commercial fleets and owner operators. 

Ford Trucks, Irdeto announce cybersecurity partnership

Irdeto will provide Ford Trucks with a fully managed key lifecycle management service.

ford-trucks-irdeto-logo-combo
ServiceTitan, Thumbtack integrate job management tech

The companies say this will let local service businesses manage booking requests and cut down on time toggling between platforms.

ServiceTitan-Thumbtack-logo-name-combo
TechCelerate Now awarded phase 2 contract

The program aims to reduce accidents by speeding up the trucking industry’s adoption of ADAS systems.

TechCelerate-Now-FMCSA-US-DOT
Bosch introduces RevX dispatcher optimization tool

Aiming to reduce the number of empty miles driven, Bosh says RevX enables fleets to maximize revenue by efficiently booking optimal loads.

Bosch-RevX-dispatcher

Other Posts

How supplier partnerships move sustainability forward in commercial transportation

The right tires can contribute to significant forward sustainable progress for commercial fleets.

michelin-dtna-tires
Double Coin adds new high-speed trailer tires

The 16″ all-steel ST Radials expand on the RT500 model, which fill a need that are Double Coin says customers have been requesting.

Double-Coin-ST-Radial-RT500
CMA, Double Coin unveil new tires for airport applications

The tires are designed to allow maximum endurance in the airport ground support environment.

Double-Coin-CMA-airport-ground-tires
BeyondTrucks, Samsara announce free integration

The companies say customers can have their real-time data connected within a few clicks at no cost.

BeyondTrucks-Samsara-IntegrationCOMBO