A consortium led by investment firm TPG Global has offered to acquire 100% of Australian-based specialist management services company Smartgroup for $1.38 billion.
Bridgestone, along with other shareholders, will purchase the Azuga fleet management platform for $391 million.
Solera Holdings, Inc. announced on June 2, 202, that it has acquired eDriving, a global digital driver risk management service provider. eDriving complements Solera’s existing fleet assets including the recently-announced pending strategic acquisition of Omnitracs, which includes its SmartDrive business,
XL Fleet Corp. has acquired World Energy Efficiency Services, LLC for total cash and stock consideration of approximately $16 million.
The new bid values Hertz at $6.2 billion and would pay unsecured bondholders in full.
Hertz received $891 million in cash for the sale of the fleet management company.
SambaSafety's online training will be added to SambaSafety's continuous driver monitoring solution, Qorta, with a new acquisition.
The Goodyear Tire & Rubber Co. has entered into an agreement to acquire Cooper Tire & Rubber Co. in a deal valued at about $2.8 billion. The transaction is expected to close in the second half of 2021.
Stellantis, the merger between Fiat Chrysler Automobiles and Groupe PSA, will “embrace electrification, connectivity, autonomous driving, and shared ownership,” the company said.
Private equity firm Brightstar Capital Partners has acquired a majority stake in Amerit Fleet Solutions, with an expansion strategy designed to help the company match e-commerce demands.
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