Tyre specialist DTM acquires European-wide business
Tyre management specialist DTM, which is backed by Palatine Private Equity, has acquired TyreWatch, Europe’s market leading provider of real-time tyre monitoring technology. Tony McDonough reports
A Liverpool city region business that offer technology to monitor the safety of tyres has acquired a company in the south of England.
Tyre management specialist DTM, which is backed by Palatine Private Equity, has acquired TyreWatch, Europe’s market leading provider of real-time tyre monitoring technology.
Based in Basingstoke, TyreWatch provides digital tyre management services to monitor and manage the wheels and tyres of HGVs and public service vehicles. Established in 2017, it has grown to support clients across the UK, Europe, the Middle East, Africa and Australia
The acquisition strengthens Skelmersdale-based DTM’s strategy to supply its services to fleet customers, using smart technology to predict and prevent potential roadside failure, reduce waste and improve fleet efficiency.
The addition of the TyreWatch and TrailerSmart technology bolsters DTM’s already tyre management offering, by using intelligent tyre solutions to detect tyre issues before they become obvious at daily visual inspections.
John Matthews, managing director of DTM, said: “DTM and TyreWatch have a shared strategy and passion to support our customers in increasing vehicle productivity, maintaining compliance and pro-actively minimising the environmental impact of their fleet operations through reduced waste and improved fuel consumption.
“Our customer-first ethos coupled with a strong team culture means the combined business will create further opportunities for customers, colleagues and suppliers and we are looking forwards to our next period of success.”
James Winterbottom, senior investment director at Palatine, said: “This acquisition represents an extremely exciting and natural pairing within the tyre management industry.
“Palatine is delighted to bring together the knowledge, experience and market-leading technology of these two businesses, while strengthening our own overall strategy of building businesses that achieve sustainability advancements alongside profitable growth.”