Megaride acquires Wriggle Solutions Technologies

Megaride Applied Vehicle Research has acquired tyre wear and integrity monitoring systems developed by Wriggle. The purchase continues Megaride’s recent expansion of technical know-how in the tyre technology sphere. No details relating to the nature of the investment associated with the acquisition have been released.

According to the new owner, Wriggle Solutions has produced “a novel system that helps to monitor tyre wear in real time, report damage, and advise whenever tyre needs to be replaced.”

Developed using expertise from the University of Naples, MegaRide is already an industry leader in the development of simulation systems for the automotive sector as well as for the optimisation of the relationship between the tyre, vehicle and road.

“MegaRide and Wriggle Solutions both have academic origins and carry out similar research, creating synergies that have led to this acquisition,” said Arash Gholamzadeh Nasrabadi, the CEO of Wriggle Solutions. “The combination of our technologies will make a fundamental contribution to research in the tyre industry, enhancing the development of self-driving vehicles at the same time.”

Flavio Farroni, the CEO of MegaRide commented: “Wriggle’s systems integrate perfectly with our technologies, completing the range of solutions capable of communicating with on-board systems from a safety and sustainability perspective. Reaching an operation of this magnitude shows how much we have grown, as well as our ability to generate value on multiple levels.”