SAF-Holland announced Monday it has acquired a 51 percent stake in Nashville-based automatic tire pressure management specialist, PressureGuard LLC.
The acquisition, which includes a purchase option for the remaining outstanding shares in the company, strengthens SAF-Holland’s product portfolio for tire pressure systems in North America and adds a key foundational element in advanced digital SMART products for trailer applications, the company says.
“This pre-assembled product addresses many of the challenges facing fleet managers today and simplifies the ordering, production and customer service processes. PressureGuard has proven itself in the market with a simple, yet robust design,” says SAF-Holland CEO Detlef Borghardt.
SAF-Holland CFO Matthias Heiden adds, similar to the acquisition of Axscend last year, the acquisition of PressureGuard also focuses on expanding the company’s technological capabilities.
“PressureGuard’s expertise seamlessly integrates with our digital SMART product platform, giving us a compelling solution for tire management systems to offer our customers,” he says.
PressureGuard’s management team will remain with the company in their current roles to support the company’s ongoing production, as well as its integration into the SAF-HOLLAND Group.
The PressureGuard tire management system includes several unique key features such as stainless-steel braided hoses, specialized die cast aluminum hubcaps with protective fins, a patent pending unique axle vent assembly and patented high-pressure relief capabilities. The non-pressurized axle design can accommodate all industry standard variations in axle configurations, tire sizes, rim types, axle spindle types, hub lubrication options, pressure settings, power and electrical harness options.