Pirelli Board OKs IPO as Option for Tire Group

(Akron/Tire Review) The board of directors of Pirelli SpA today said it will consider launching an IPO for its global tire division, though the Italian tire and telecommunications company said it would hold a majority share in the spin-off.

Published: February 14, 2006

The board is seeking to get “the best value” out of the division. Analysts have suggested an IPO for Pirelli’s tire group could fetch 2.5 to 3 billion euros.

“The trend in the main markets and segments where the tire business operates continue to be favorable, particularly in the high end of the range where Pirelli has leadership,” the company said in a statement. “This constitutes the basis for a further growth of Pirelli Tyres with respect to the last years.”

In addition, Pirelli SpA’s board approved divestment of some 400 million euros of the company’s financial investments, reportedly half of its overall portfolio.

How TPMS sensors broadcast vital information

Understanding the signal patterns, frequencies and wake-up behaviors involved is key for effective diagnosis and repair.

By Christian Hinton

Published: May 2, 2024

As technicians, you rely on being able to inspect what you’re working on. However, with TPMS, the signals are invisible radio waves. How the heck do you work on something you can’t even see? Let's examine the science behind TPMS sensor signals to see how these sensors transmit their vital information.