Executive Briefings

Hyster-Yale Acquires U.S., U.K. Businesses of Speedshield

Hyster-Yale Group, Inc. has acquired the telematics installation and distribution businesses in the U.S. and U.K. of Speedshield Technology, Pty Ltd.

The deal gives Hyster-Yale exclusive distribution rights for related products in all areas outside of Australia. The acquired businesses will be rebranded as HYG Telematic Solutions. Based in Melbourne, Australia, Speedshield is a provider of telematics technology for material-handling equipment, as well as other fleet vehicle applications. It is the sole authorized provider of telematics products to Hyster-Yale customers, under the Yale Vision and Hyster Tracker telematics product offering. Hyster-Yale said it intends further to develop its capabilities in the market for telematics systems and fleet data analytics for material-handling fleets. The company designs, sells and services lift trucks and aftermarket parts globally, primarily under the Hyster and Yale brand names.

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The deal gives Hyster-Yale exclusive distribution rights for related products in all areas outside of Australia. The acquired businesses will be rebranded as HYG Telematic Solutions. Based in Melbourne, Australia, Speedshield is a provider of telematics technology for material-handling equipment, as well as other fleet vehicle applications. It is the sole authorized provider of telematics products to Hyster-Yale customers, under the Yale Vision and Hyster Tracker telematics product offering. Hyster-Yale said it intends further to develop its capabilities in the market for telematics systems and fleet data analytics for material-handling fleets. The company designs, sells and services lift trucks and aftermarket parts globally, primarily under the Hyster and Yale brand names.

Read Full Article