Skelmersdale headquartered tyre management specialist DTM, which is backed by Palatine Private Equity, has acquired TyreWatch, Europe’s market-leading provider of real-time tyre monitoring technology. Based in Basingstoke, TyreWatch provides digital tyre management services to monitor and manage the wheels and tyres of HGVs and public service vehicles. Established in 2017, it has grown to support clients across the UK, Europe, the Middle East, Africa and Australia.
Private equity firm Palatine Private Equity has completed the acquisition of a majority shareholding in NRG Fleet Services Ltd, a fast-growing provider of specialist services to the commercial vehicle sector. Headquartered in Skelmersdale, Lancashire, and operating 10 national technical centres, NRG has annual revenues of £90m and employs 280 people. It comprises two divisions, Riverside Truck Rental and Direct Tyre Management.