Investment Summary

Michelin Invests In Async Technologies

On August 18, 2012, Michelin invested in internet software and services company Async Technologies

Investment Highlights
  • This is Michelin’s 1st transaction in the Internet Software and Services sector.
  • This is Michelin’s 1st transaction in Ireland.

Investment Summary

Date 2012-08-18
Target Async Technologies
Sector Internet Software and Services
Investor(s) Michelin
Deal Type Stake Purchase

Target

Async Technologies

Ennis, Ireland
Async Technologies Ltd. developed systems to extend the lifetime of tyres on large commercial vehicle fleets by monitoring tyre health and scheduling maintenance.

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Investor(S) 1

Investor

Michelin

Clermont-Ferrand, France

Category Company
Founded 1863
Sector Automotive
Revenue 27.2B EUR (2024)
DESCRIPTION
View of Michelin's North American headquarters in Greenville, South Carolina.
View of Michelin's North American headquarters in Greenville, South Carolina.

Michelin is a manufacturer and marketer of tires for every type of vehicle, including airplanes, automobiles, bicycles/motorcycles, earthmovers, farm equipment and trucks. It also offers electronic mobility support services on ViaMichelin.com and publishes travel guides, hotel and restaurant guides, maps and road atlases. Michelin was founded in 1863 and is based in Clermont-Ferrand, France.


DEAL STATS #
Overall 3 of 20
Sector: Internet Software and Services M&A 1 of 3
Type: Stake Purchase M&A Deals 1 of 3
Country: Ireland M&A 1 of 1
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-01 Oliver Rubber Company

Greenville, South Carolina, United States

Oliver Rubber Company LLC manufactures and distributes tread rubber products.

Buy $69M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-09 Sascar Tecnologia Automotiva

Santana de Parnaíba, Brazil

Sascar Tecnologia Automotiva is a provider of digital fleet management and freight security services. The Company has developed a strong presence in the independent trucker and small truck fleet segment in Brazil, which underpins the country’s land transportation market. Sascar Tecnologia Automotiva is based in Santana de Parnaíba, Brazil.

Buy €520M