Michelin buys PTG and Teleflow

14th November 2017 | 0 Comments
 

On 12 November Michelin announced it had bought PTG and Téléflow – both industry leaders in tyre pressure control systems which allow users to monitor and adapt tyre pressures according to the terrain and conditions of use. These acquisitions signal Michelin’s intention to become the global leader for Central Tyre Inflation Systems (CTIS) in the agricultural market. No pricetags associated with the purchases have yet been revealed, but Europe is known to be the centre of the segment, which is valued at around US$1.7 billion in 2017.

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Category: International News, Product News, UK News

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