Pressure Systems International announced it has completed the acquisition of Truck System Technologies, a provider of tire pressure monitoring (TPMS) and mobile asset management (MAMS) technology. A purchase price was not disclosed.
The acquisition represents a valuable addition to the P.S.I. portfolio of products, which commercial fleet operators can use to managed their tire costs as well as to meet future standards under the Greenhouse Gas Phase 2 rules for trucks and trailers, according to P.S.I. Under GHG-2, there will be increasing demands for reduction of emissions, and TPMS is viewed as a primary solution for the tire management of trucks and tractors.
The TST product line includes telematics and tracking solutions that will provide fleet management teams the ability to locate assets and tracks various inputs of their choosing. The benefits include real-time tracking of assets, with monitoring and reporting of inputs in a single package, with simple connectivity.
“We see the TST acquisition as a perfect complement to our automatic tire inflation systems,” said Tim Musgrave, president and CEO of P.S.I. “The ability for our customers to customize their tire managmenet solutions from a single systems provider is increasingly important with the pending Greenhouse Gas Phase 2 trailer regulations becoming effective January 2018.”
P.S.I. said TST already has a solid reputation in the RV market, which it will build on as it expands into the commercial vehicle segment. While the products for each market are similar, they have been engineered to meet the unique demands of their respective markets. P.S.I. said that it views bot the recreational and commercial vehicle markets as strategic, and will be creating separate teams to focus on both markets.