Stoneridge acquires tachograph segment of MotoMeter GmbH
Stoneridge Electronics is pleased to announce the acquisition of the tachograph segment of MotoMeter GmbH. Founded in 1912, MotoMeter is a well-recognized brand within the German commercial vehicle market. Based in Lomersheim, Germany, MotoMeter has been the authorized German importer for Stoneridge since 2005. The tachograph segment also includes the supply of charts, accessories and the Motodrive analysis software.
This acquisition will assist Stoneridge in the development of its tachograph business in Germany and support their expanding product offerings. The new company will be named Stoneridge Aftermarket GmbH and will continue to operate from the current MotoMeter premises in Lomersheim. This acquisition will add to the existing direct Stoneridge Electronics locations in the UK, France, Spain, Italy, Sweden and Estonia and be complemented by their European sales and distribution partners in over 40 countries worldwide.
Furthermore, Stoneridge believes this move is important in strengthening its relationship and support for their OEM customers, workshops, fleets and drivers in Germany. The acquisition demonstrates the commitment Stoneridge has for this market and looks forward to directly providing their high quality tachograph products and services going forward.