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Bridgestone Americas To Acquire Fleet Management Software Provider Azuga To Accelerate Mobility Solutions Business

Aug 02, 2021•over 4 years ago

Acquiring Company

Bridgestone Americas

Acquired Company

Azuga

Description

Bridgestone Americas (Bridgestone) and Sumeru Equity Partners, Danlaw, Inc. and other shareholders have reached an agreement for Bridgestone to purchase Azuga Holdings, Inc. (Azuga) and the Azuga fleet management platform for $391 million. The acquisition will accelerate Bridgestone's efforts to develop and deploy sustainable mobility solutions as a central pillar of the company's advanced mobility strategy. The transaction has been approved by each company's board of directors and is expected to close by the end of the third quarter.

Company Information

Company

Bridgestone Americas

About

Nashville, Tennessee-based Bridgestone Americas, Inc. is a subsidiary of Bridgestone Corporation, a global leader providing sustainable mobility and advanced solutions. Bridgestone Americas develops, manufactures and markets a diverse portfolio of original equipment and replacement tires, tire-centric solutions, mobility solutions, and other rubber-associated and diversified products that deliver social value and customer value. Guided by its global corporate social responsibility commitment, Our Way to Serve, Bridgestone is dedicated to shaping a sustainable future of mobility and improving the way people move, live, work and play.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed