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Posted on March 24, 2017

Michelin’s Sascar Unit Expands Fleet Services Portfolio in Mexico

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GREENVILLE, S.C., March 24, 2017 ─ Michelin North America today announced that its subsidiary Michelin Sascar Mexico, S.A. de C.V., has signed an agreement to acquire the fleet management business assets of Mexico-based Copiloto Satelital, S.A. de C.V.

Following completion of customary closing conditions, Michelin Sascar Mexico will become the service provider for Copiloto’s fleet management customers. The companies have agreed that financial and other terms of the agreement will not be disclosed. The transaction is expected to close in the second quarter of 2017.

Copiloto provides fleet management solutions (such as monitoring, accident prevention, cost control, and others) to commercial fleet customers in Mexico, primarily through its proprietary hardware and web-based software platform. This platform will serve as a complementary extension of Michelin Sascar’s Cargo Tracck solution and other services for commercial fleets.

About

About Michelin North America

Michelin is building a world-leading manufacturer of life-changing composites and experiences. Pioneering engineered materials for more than 130 years, Michelin is uniquely positioned to make decisive contributions to human progress and to a more sustainable world. Drawing on its deep know-how in polymer composites, Michelin is constantly innovating to manufacture high-quality tires and components for critical applications in demanding fields as varied as mobility, construction, aeronautics, low-carbon energies and healthcare. The care placed in its products and deep customer knowledge inspire Michelin to offer the finest experiences. This spans from providing data- and AI-based connected solutions for professional fleets to recommending outstanding restaurants and hotels curated by the MICHELIN Guide. Headquartered in Greenville, S.C., Michelin North America, Inc. has approximately 23,500 employees and operates 36 production facilities in the United States (michelinman.com) and Canada (michelin.ca).