July, 2022: Clarience Technologies has acquired Pressure Systems International (P.S.I.), the world’s leading provider of automatic tire inflation systems for commercial truck trailers – effectively expanding the company’s technology portfolio to include tire-related technologies gaining widespread adoption as commercial fleets shift toward electric vehicles.
Nearly 30 years ago, P.S.I. started with a truly innovative concept of automatic tire inflation. During that time, we commercialized a concept that was initially referred to as a gimmick. Over time, customers began to recognize the value it delivered and its low cost of ownership. We had started a new global industry, and in North America it is specified on approximately 70% of all new trailers.
Throughout that time, we remained a privately held company. However, as the market rapidly develops new technologies, we also saw the need to change. As you likely already know, Clarience Technologies is a world-class organization known for its Road Ready telematics solutions, Truck-Lite lighting products, and its other companies, DAVCO, RIGID, Lumitech, ECCO, CODE 3, LED Autolamps and Fleetilla. The fit with Clarience Technologies is ideal, with shared leadership principles and a company culture that values its employees, customers and partners.