Bridgestone zeros in on fleet management with Azuga acquisition

Bridgestone Americas has announced its acquisition of San Jose, California based Azuga Holdings and its vehicle fleet management platform Azuga for US$391 million. 

The deal was made in collaboration with tech-based private equity firm Sumeru Equity Partners, connected vehicle solutions firm Danlaw and other shareholders, tyre trade publication Tyrepress reported. 

The platform records miles, stops, and vehicle and driver alerts, using analytics to track metrics like driving behavior, fuel consumption, accident risk, and more. 

Co-founder of Azuga Ananth Rani will remain as CEO of the company.