Test Industry Buys Two German Companies
- By TT News
- February 25, 2022
Test Industry, a company in the portfolio of the fund IGI Investimenti Sei (IGI Private Equity), has announced its entry into the German market by acquiring two companies -- TS TestingService GmbH and TS Gim GmbH, both belonging to the TS Group GmbH.
With the acquisitions, Test Industry has boosted its international market for the design and production of test benches for industrial, end-of-line and laboratory testing, with a particular focus on hydraulics, mechanics, automotive and aerospace sectors, the company said in a statement.
Besides, the group's turnover is expected to be more than EUR 50 million, compared to a turnover of about EUR 35 million in 2021. It will also consolidate its strategic value in automotive and aerospace testing.
The test benches for transmission shafts, core business of TS GiM, will expand the Bimal product range, while the wheel and tyre test benches, the core business of TS TestingService, will reinforce and integrate the Leonardo product line positioning, the release said.
The company said the transaction will also enhance the levels of service and after-sales by the Test Industry group to German customers, as well as strengthening its commercial presence in the Far East, particularly in China, India and South Korea.
Paolo Mastrostefano, CEO, Test Industry, said, "The double acquisition will allow Test Industry to grow internationally and establish itself in new European markets. Now we can focus on a greater reinforcement and organisation of management so as to adequately support the company's growth path.
Angelo Mastrandrea, partner of IGI Private Equity and Group President, said, “The IGI fund with the support of all the financial and industrial shareholders of the group, has always believed in the growth and enhancement of the company because it considers Test Industry as having the perfect know-how to become an Italian excellence abroad. Now the goal is to consolidate results and continue on the path of further growth, both internally and through new acquisitions."
Following the deal, the investment vehicle Thalia, with the shareholders IGI Investimenti Sei and BNG Holding, holds around 42 percent of the share capital of Test Industry, Equilybra and GMN hold 18 percent and 23 percent respectively, while the management has a 17 percent share, the release added. (TT)
Hankook Launches Dynapro AT2 Xtreme All-Terrain Tyre
- By TT News
- July 10, 2025
Hankook Tire has launched the Dynapro AT2 Xtreme, a premium all-terrain tyre engineered for demanding applications across camper vans, off-road vehicles and construction transporters. This versatile all-season performer delivers uncompromising traction, durability and comfort across diverse surfaces and weather conditions. Available in 15 sizes from 15 to 17 inches, it covers the core 4x4 segment while complementing Hankook's existing Dynapro lineup that extends up to 20-inch variants.
Positioned strategically between the road-oriented Dynapro HPX and rugged Dynapro MT2, the AT2 Xtreme strikes the perfect balance for adventure-seekers who need everyday practicality. Its innovative design features aggressive shoulder blocks with deep sidewall protection to withstand off-road hazards while maintaining on-road refinement. The advanced tread pattern incorporates multi-directional sipes and grooves that provide exceptional snow traction, earning the tyre 3PMSF winter certification with the mountain/snowflake symbol.
Engineered for quiet comfort, the AT2 Xtreme utilises graduated block edges and stabilising tie-bars between tread blocks to minimise noise and enhance stability. Hankook's breakthrough ‘Max Mileage’ technology employs a specialised compound with functionalised polymers and temperature-resistant particles for optimal silica distribution, delivering superior grip and extended tread life compared to previous generations. This advanced material science, combined with the tyre's robust construction, ensures reliable performance in extreme conditions while achieving remarkable mileage – making the Dynapro AT2 Xtreme a smart choice for drivers who demand year-round capability without compromise.
Jongho Park, President of Hankook Tire Europe, said, “With the Dynapro AT2 Xtreme, we are strengthening our position in the growing all-terrain segment by delivering a reliable, robust and comfortable solution for vehicles that switch between on-road and off-road use.”
Ryan Reed Joins Goodyear Tire & Rubber Company As VP For Investor Relations
- By TT News
- July 10, 2025
USA-based the Goodyear Tire & Rubber Company has further strengthened its management team with the appointment Ryan Reed as the new Vice-President, Investor Relations.
In his new role, Reed will report to Christina Zamarro, Executive Vice-President and Chief Financial Officer (CFO).
He brings over 15 years of experience in investor relations, corporate development, financial planning and analysis. Reed, till recently, served as the Vice-President, Corporate Development, Investor Relations and FP&A at Wabash National.
Reed holds a bachelor’s in economics from Baldwin Wallace University and a master’s in economics & finance from the University of Leeds. The executive has also worked at Parker Hannifin as Director of Investor Relations and Corporate Economist. He formally begins his innings at Goodyear on 14 July 2025.
"Ryan brings a deep understanding of financial markets, strong leadership and communications skills. I look forward to his contributions in this key role," said Zamarro.
Webfleet Receives Three European Fleet Awards
- By TT News
- July 09, 2025
Webfleet, Bridgestone’s globally trusted fleet management solution, has earned three prestigious awards across Europe this month. In Germany, its AI-powered tool Fleet Advisor was recognised as the ‘Rising Star’ at the Baugewerbe Produkt des Jahres 2025 awards. Meanwhile, in Poland, Fleet Advisor – which leverages generative AI to deliver swift, insightful answers to critical fleet-related queries – secured the ‘Fleet Derby 2025’ award in the Digital/AI Innovation in Management category.
Additionally, in Spain, Webfleet received the ‘Award for Excellence in the Road Transport Industry’ from Cadena de Suministro, a leading logistics publication, honouring its 25-year legacy of innovation and transformative contributions to the mobility sector. These accolades highlight Webfleet’s continued leadership and technological advancement in fleet management.
Jan-Maarten de Vries, President of Fleet Management Solutions at Bridgestone, said, “Together, these awards highlight the strength of Webfleet’s dual commitment to cutting-edge innovation and customer-driven progress.”
Passenger Vehicle Forum To Be Held On 2nd September In Pune
- By TT News
- July 09, 2025
The 3rd Edition of the Passenger Vehicle Forum (PVF), a leading forum focussing on the passenger vehicle segment, is scheduled to take place on 3 September 2025, at Hyatt Regency, Pune.
This 2025 edition of PVF will focus on a wide area of topics such as – software-defined vehicles (SDVs) and E/E architecture transformation, electrification, hybridisation & future powertrains, connected, autonomous & smart mobility technologies, sustainability, alternative fuel, customer behaviour, retail transformation and aftermarket innovation.
The idea is to understand the present and future trends reshaping the passenger vehicle industry.
The event is expected to bring together over 300 senior decision-makers, more than 60 speakers and over 40 solution providers to debate, discuss and plan the way forward.
Since its debut, the Passenger Vehicle Forum is amongst one of the key platforms that brings together various stakeholders – OEMs, auto component manufacturers, mobility providers and policy influencers, all under one roof.
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