{"id":66963,"date":"2017-11-13T00:42:42","date_gmt":"2017-11-12T23:42:42","guid":{"rendered":"http:\/\/beta.next-finance.net\/investment-banking\/marches-prives\/michelin-acquires-ptg-and-teleflow\/"},"modified":"2017-11-13T00:42:42","modified_gmt":"2017-11-12T23:42:42","slug":"michelin-acquires-ptg-and-teleflow","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/investment-banking\/marches-prives\/michelin-acquires-ptg-and-teleflow\/","title":{"rendered":"Michelin acquires PTG and Teleflow"},"content":{"rendered":"<p>This move will enable Michelin to help maximise the agronomic and economic performance of<br \/>\nfarmers whilst protecting their most precious asset, the soil. It also heralds the transition of Michelin<br \/>\nAgriculture from simply manufacturing agricultural tyres to being a total solutions provider for all<br \/>\naspects around and beyond the tyre\u2019s interaction with the ground. <\/p>\n<p>PTG was founded in 1991 by Martin Tigges and employs 12 people at its headquarters in Neuss,<br \/>\nGermany, where they manufacture and sell tyre inflation systems for vehicles and trailers. Experts<br \/>\nin the agricultural world, PTG is an innovative company with differentiating, patent protected and<br \/>\nnon-intrusive products which it adapts for each segment of agro-vehicles. Well known for the<br \/>\nAIRBOX\/ mobil system for inflation, axle by axle on stationary vehicles, PTG have also developed<br \/>\nthe RDS system which brings fully automated pressure adjustment to vehicles whilst on the move.<br \/>\nAsked about the acquisition joint PTG CEO, Peter Tigges said: <em>&#8220;I am delighted that PTG have<br \/>\nfound a partner in Michelin that shares our passion for innovation, technology and customer<br \/>\nservice\u201d.<\/em><\/p>\n<p>Established in 1993 by St\u00e9phane Fazekas, T\u00e9l\u00e9flow is based in Roanne, France, and employs 39<br \/>\npeople who design, manufacture and sell tyre pressure control systems. These allow pressures to<br \/>\nbe adapted according to the terrain by the use of special patented valves. As one of the leaders in<br \/>\ncentral tyre inflation systems, T\u00e9l\u00e9flow is the biggest supplier of tyre pressure control systems to the<br \/>\nmilitary sector and has a close collaboration with many OE manufacturers. The company\u2019s best<br \/>\nknown product allows users to select the terrain and load being transported; the IN-MOTION<br \/>\nCONTROL system automatically adapts the tyre pressures to the conditions on the move. T\u00e9l\u00e9flow<br \/>\nCEO, Guillaume Fazekas commented: <em>&#8220;Having developed pressure control systems for over 20<br \/>\nyears, the possibility to work alongside Michelin to bring industry leading products and systems to<br \/>\nmarket is an amazing opportunity\u201d.<\/em><\/p>\n<p>Hot on the heels of the launch of the Michelin EvoBib with ADT (Adaptive Design Technology),<br \/>\nthis alliance with two European leaders in tyre pressure control systems allows Michelin to provide customers with complete systems to optimise their machines\u2019 interaction with the<br \/>\nground \u2013 both in the field and on the road. Transforming from a pure tyre manufacturer<br \/>\nto a full solution provider, Michelin will meet farmers\u2019 challenges with offers that simplify<br \/>\ntyre pressure management. So pressures can be quickly and automatically adjusted; to<br \/>\nwork at low pressures in the field \u2013 to protect soil and increase productivity and yields; and<br \/>\nhigher pressures on the road \u2013 to ensure better stability at high speeds and improve tyre<br \/>\nlongevity.<\/p>\n<p>Speaking about the acquisitions, Emmanuel Ladent, President of Michelin Agriculture said:<em> \u201cOur<br \/>\nambition is to continue innovating to provide increasingly complete solutions, guaranteed by<br \/>\nMichelin, that help farmers optimise the performance of their machines while protecting their soil.<br \/>\n<br \/>\u201cIt also marks the dawn of a new approach for the Michelin Agricultural Product Line. The first<br \/>\nconcrete example of this is Zen@Terra, which combines Michelin EvoBib tyres with Adaptive<br \/>\nDesign Technology, CTIS* from PTG and T\u00e9l\u00e9flow, and easy-to-use in-cab dashboard control<br \/>\nsystems, all backed by a Michelin warranty. This is a complete solution for farmers; it manages all<br \/>\naspects of tyres and their interaction with the ground, both in the field and on the road, and<br \/>\nultimately it will help maximise yields, efficiency and economic performance for farmers\u201d. <\/em> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michelin today announces the acquisition of PTG and T\u00e9l\u00e9flow, both industry leaders in tyre<br \/>\npressure control systems which allow users to monitor and adapt tyre pressures according to the<br \/>\nterrain and conditions of use. These acquisitions signal Michelin\u2019s intention to become the global<br \/>\nleader for CTIS* in the agricultural market.<\/p>\n","protected":false},"author":20,"featured_media":66961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1601],"tags":[1671,1888,1437,2082,2035,1702],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/66963"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=66963"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/66963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/66961"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=66963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=66963"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=66963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}