We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » HYSTER-YALE ANNOUNCES ACQUISITION OF SPEEDSHIELD'S INSTALLATION AND DISTRIBUTION BUSINESS IN THE US AND UK
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

HYSTER-YALE ANNOUNCES ACQUISITION OF SPEEDSHIELD'S INSTALLATION AND DISTRIBUTION BUSINESS IN THE US AND UK

April 6, 2016
No Comments

Cleveland, Ohio, April 6, 2016 - Hyster-Yale Group, Inc. today announced that it acquired Speedshield Technology, Pty Ltd's telematics installation and distribution businesses in the United States and the United Kingdom. This acquisition provides Hyster-Yale with the exclusive distribution rights of these businesses' products in all areas outside of Australia. Following this acquisition, the acquired businesses will be rebranded as HYG Telematic Solutions.

Speedshield Technology, located in Melbourne, Australia, is a leading provider of advanced and comprehensive telematics technology for material handling equipment, as well as other fleet vehicle applications. Today, Speedshield Technology is the sole authorized provider of telematics products to Hyster-Yale customers, under the Yale Vision and Hyster Tracker telematics product offering.

Following the acquisition, Hyster-Yale intends to further develop its capabilities and enhance its efforts to service the fast growing market for telematic solutions and fleet data analytics for material handling fleets. The telematics application is currently offered in all new Hyster® and Yale® lift trucks and is able to be retrofitted into existing Hyster® and Yale® lift trucks, as well as lift trucks and allied equipment from other manufacturers.

Over the past few years, Hyster-Yale has focused on increasing unit volume through market share gains by delivering lowest cost of ownership to customers in a wide range of applications. In this context, the Company has been evaluating and investing in a broad range of technologies which will enhance the customer's lift truck ownership experience. The purchase of this business is a strategic acquisition which is expected to provide a solid platform to expand the Company's offering of Hyster® and Yale® fleet management solutions.

About Hyster-Yale Group, Inc. Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster® and Yale® brand names. Nuvera Fuel Cells, LLC, a subsidiary of Hyster-Yale Group, Inc., is an alternative-power technology company focused on fuel-cell stacks and related systems, on-site hydrogen production and dispensing systems. Hyster-Yale Group, Inc. is a wholly owned subsidiary of Hyster-Yale Materials Handling, Inc. (NYSE: HY). Hyster-Yale Materials Handling, Inc. and its subsidiaries, headquartered in Cleveland, Ohio, employ approximately 5,500 people worldwide. For more information about Hyster-Yale and its brands, visit the Company's website at www.hyster-yale.com.

About Speedshield Technology, Pty Ltd.
Speedshield Technologies Pty Ltd is a leading safety, telematics and control company operating in the industrial equipment space. Speedshield strives to develop high technology solutions to improve all aspects of fleet management, benefiting all levels of organizations. Pioneers in the field of connected devices, based in Australia and serving the global industrial equipment market for over a decade, Speedshield continues to innovate and engage with our clients to provide class leading technology and valuable solutions every day.
To learn more about Speedshield please visit their website at www.speedshield.com.

Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
  • Related Articles

    VARGO® opens office in suburban Cincinnati, announces changes to executive team, additions to staff

    Geek+ and AMH Material Handling deliver robotic sortation project with Asda Logistics Services

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Wireless technology could help electric trucks charge more safely, efficiently

  • Port of Oakland reports slow February container volumes as retail activity sputters

  • Thoma Bravo completes $8 billion buyout of Coupa Software

  • What’s shaping omnichannel fulfillment strategies?

  • WMS feels the squeeze

Now Playing on DCV-TV

Ce1e8b83 026c 4709 8554 43eef6c78213

Will the Silicon Valley Bank Fallout Affect Your Supply Chain? And Our Salute to the Women Supply Chain Leaders

DCV-TV 4: Viewer Contributed
The developments with Silicon Valley Bank and other financial institutions have gotten everyone’s attention. Will these banks be “isolated incidents” or do they portend a contagion with dire economic consequences? Candidly, I think the verdict is still out.That said, we’ve heard from some shippers and columnists who...

FEATURED WHITE PAPERS

  • Five tips for parcel success in 2023

  • Education Series: How, When and Why to Use XR Wearables in Your Industrial Business

  • The Future of Fleet Management: 5 Trends and Influences That Will Drive Logistics in 2023

  • The five best applications for robotic lift trucks in warehouse environments

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing