September 22, 2017 5:15 PM, EDT

Goodyear Agrees to Acquire Ventech Systems

Goodyear Tire & Rubber Co.

The Goodyear Tire & Rubber Co. agreed to acquire Germany-based Ventech Systems GmbH, a supplier of automated tire inspection technology it has worked with for three years, from Grenzebach Maschinenbau GmbH, it said.

The business and technology will be integrated into the company’s Goodyear Proactive Solutions business launched last year in Europe, the Middle East and Africa, according to the Akron, Ohio-based company.

“Goodyear is still incubating Proactive Solutions in North America with select fleet customers at this time, and we will continue to assess the possibility of a broader launch in this region,” Michael Manages, a company spokesman, told Transport Topics.

The acquired technology is a closed loop service enabling fleet operators to measure tire pressure, tread depth and vehicle weight on all their vehicles each time they enter or exit their depot, according to Goodyear.

“Over the past three years, our Goodyear Proactive Solutions business has collaborated with Ventech Systems to integrate its data-gathering and analysis capabilities into our fleet management solution,” Christopher Helsel, Goodyear’s chief technology officer, said in a statement. “Feedback from our fleet customers has been excellent, and we view this as an important opportunity to enhance our service and value proposition for customers.”

Terms were not disclosed. The transaction is expected to close in the fourth quarter.