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Goodyear to acquire Ventech Systems from Grenzebach Maschinenbau

Sep. 20, 2017 6:29 AM ETThe Goodyear Tire & Rubber Company (GT) StockBy: Niloofer Shaikh, SA News Editor
  • The Goodyear Tire & Rubber Company (NASDAQ:GT) agreed to acquire Ventech Systems GmbH from Grenzebach Maschinenbau GmbH for an undisclosed term.
  • "Over the past three years, our Goodyear Proactive Solutions business has collaborated with Ventech Systems to integrate its data gathering and analysis capabilities into our fleet management solution," said Christopher Helsel, Goodyear vice president and chief technology officer. "Feedback from our fleet customers has been excellent, and we view this as an important opportunity to enhance our service and value proposition for customers."
  • The acquisition of Ventech Systems will further expand Goodyear Proactive Solutions' commercial offerings with an efficient, user-friendly closed loop service enabling fleet operators to measure tire pressure, tread depth and vehicle weight on all their vehicles each time they enter or exit their depot.
  • The transaction is expected to close in Q4.
  • Press Release

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