GREENVILLE, S.C. — Michelin Sascar Mexico S.A. de C.V. is buying the fleet management business assets of Mexico's Copiloto Satelital S.A. de C.V. and will become the service provider for Copiloto's fleet customers.
The companies are not disclosing the terms of the agreement, which they expect to close in the second quarter.
Santa Fe, Mexico-based Copiloto provides fleet management solutions— such as monitoring, accident prevention, cost control and other services— to commercial fleet customers in Mexico, primarily through its proprietary hardware and Web-based software platform, Michelin said.