Grenzebach sells VENTECH Systems to Goodyear
Grenzebach Maschinenbau GmbH announced today that it has agreed to sell VENTECH Systems GmbH, a leader in automated tire inspection technology, to the Goodyear Tire & Rubber Company.
VENTECH Systems, based in Dorsten, Germany, joined the Grenzebach-Group in 2013. The company provides a fully-automated tire inspection system that quickly and easily checks tire pressure, tread depth and vehicle weight for buses, trucks, cars and other vehicles. After the acquisition Grenzebach invested in the further development of the inspection system which attracted new key customers.
In close collaboration with Goodyear’s innovation centers in the US and Luxembourg, the tire inspection system was qualified and tested in customer installations. As the feedback from Goodyear’s fleet customers was very positive, further discussions how to expand the collaboration have been conducted. “We realized that Goodyear would actually provide a better environment for VENTECH’s further growth and could be an integral part of the Goodyear innovative Proactive Solutions business model”, said Renato Luck, CEO of the Grenzebach Group. VENTECH will support Goodyear’s fleet customers with a unique technology and will allow additional worldwide growth opportunities.
The transaction is expected to close in the fourth quarter.