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Bridgestone has acquired iTrack Solutions, a provider of tyre management solutions for the off-the-road market, from UK-based Transense Technologies Plc. The acquisition price was not disclosed.
Transense Technologies has entered a joint collaboration agreement with Bridgestone for the iTrack II tyre pressure monitoring system for mining tyres 57 inches and above. Bridgestone will offer the system exclusively and provide a $750,000 interest-free loan.