Bridgestone to acquire TomTom Telematics

Bridgestone Corporation announced that its subsidiary, Bridgestone Europe NV/SA, has entered into an agreement with TomTom to acquire TomTom Telematics, its digital fleet solutions business, for a cash consideration of €910 million. The transaction is anticipated to...

VMI opens new Service Center in Thailand

The latest VMI Service Center located in Chon Buri Province, Thailand, was officially opened by Riaan Diener, VP of VMI Global Services, and Aart van der Pol, Regional Manager Customer Service Asia, in the presence of employees and invitees. The opening of the...

Apollo posts 16% rise in Q3 2018 sales

Apollo Tyres Ltd posted 16% rise in sales to Rs46.55 billion for the third quarter of 2018 (October to December), as against Rs40.16 billion in the year-ago quarter. Net profit closed at Rs 1.98 billion, as compared to Rs 2.45 billion, while EBITDA increased 33% to...

Marangoni acquires majority stake in Leader Rubber

The Marangoni Group has announced the acquisition of the majority shareholding in the South African tread maker Leader Rubber Company SA (Pty) Ltd. Marangoni increased its share from 25% to 51%, with the objective of consolidating and strengthening Marangoni Group’s...