Brief: Pirelli To Acquire 24.99% Stake In Italian Start-Up RideSENSE
BRIEF-Pirelli To Acquire 24.99% Stake In Italian Start-Up RideSENSE July 2 (Reuters) - Pirelli and C. SpA PIRC.MI:
TO ACQUIRE 24.99% OF RIDESENSE
PARTNERSHIP AIMS TO DEVELOP SOFTWARES TO BE USED IN PIRELLI'S CYBER TYRE ECOSYSTEM
PIRELLI TO OBTAIN LICENSE TO USE RIDESENSE'S VIRTUAL SENSORS AS PART OF DEAL
DEAL INCLUDES OPTION FOR PIRELLI TO INCREASE OWNERSHIP TO 100% OF CAPITAL
Further company coverage: PIRC.MI
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
Recent news on Pirelli & C.
See all newsPirelli, Balkrishna strike India tyre production deal
Brief: Pirelli, BKT Sign Deal For Production In India Of 800,000 Pirelli-Branded Premium Car Tires By 2030
Brief: Golden Power Decree Protects Pirelli-ABET HTS Activities In Dedence Sector
Brief: MTP & C. Group Rises To 29.9% Stake In Pirelli
Italy - Factors to watch on September 23