Hyster-Yale acquires Speedshield

Hyster-Yale Group has acquired the Speedshield Technology telematics businesses in the US and UK, rebranding it as HYG Telematic Solutions.

Australian-headquartered Speedshield provides telematics for MHE and other fleet vehicle applications, and is the sole provider of telematics products to Hyster-Yale customers. HYG Telematic Solutions will have exclusive distribution rights in all territories apart from Australia.

The acquisition follows the news at the start of the year that Hyster-Yale Group had bought attachments manufacturer Bolzoni.