Hyster-Yale acquires Speedshield’s installation, distribution business
Speedshield Technology is a leading provider of advanced and comprehensive telematics technology for material handling equipment and fleet vehicle applications.
Hyster-Yale Group, Inc., Cleveland, Ohio, acquired Speedshield Technology Pty Ltd.’s U.S. and UK telematics installation and distribution businesses. 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 re-branded 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. With this acquisition, Speedshield Technology is the sole authorized provider of telematics products to Hyster-Yale customers, under the Yale Vision and Hyster Tracker telematics product offering.