Trimble to acquire PeopleNet

Trimble has signed an agreement to acquire privately-held PeopleNet, a leading provider of integrated onboard computing and mobile communications systems for fleet management. The transaction is expected to close in the third quarter of 2011.
April 19, 2012 Read time: 1 min
RSS1985 Trimble has signed an agreement to acquire privately-held PeopleNet, a leading provider of integrated onboard computing and mobile communications systems for fleet management. The transaction is expected to close in the third quarter of 2011.

"PeopleNet is a key step in Trimble's strategy for addressing the complex regulatory and operational demands of enterprise companies in the transportation and logistics (T&L) market," said Steven W. Berglund, Trimble's president and chief executive officer. "In combination with other recent initiatives, including the acquisitions of Punch Telematix and Tata Automotive Mobility Technologies, Trimble now offers a portfolio of proven solutions to a growing international customer base. These new initiatives are expected to contribute strong operating margins and high customer retention. PeopleNet's management and employees will be the core of our Americas T&L business and we expect to provide seamless continuity to existing PeopleNet customers."
Location Based Systems

For more information on companies in this article

Related Content

  • GreenRoad wins first contract in mainland Europe
    July 23, 2012
    UK-headquartered GreenRoad which specialises in in driver performance and safety management, has won its first contract in mainland Europe. Securitas Mobile Belgium will be deploying the company’s system across 120 company cars to reduce accidents, cut insurance costs and lower fuel consumption.
    Read More
  • Latest ITS technology upgrades India's toll systems
    November 13, 2012
    An ambitious programme of new and upgraded interoperable toll systems has been launched in India, featuring far-reaching technology developments. David Crawford reports. In April this year, Indian Union Minister for Road Transport & Highways CP Joshi inaugurated a new era of electronic toll collection (ETC) in India when he unveiled the country’s first RFID-based tolling installation. This was at a recently-completed plaza at Chandimandir, near the city of Panchkula in the northern state of Haryana. The sys
    Read More
  • Sensys appoints new director for Australasia, Singapore, and Malaysia
    April 23, 2012
    Phillip Walsh, principal manager, intelligent transport systems at VicRoads in Melbourne, Australia, is joining Sensys Networks as director Australasia, Singapore and Malaysia, effective 11 July, 2011. Most recently, Walsh has been responsible for the operation and development of VicRoads central ITS, as well as management of technical standards and strategic alignment of projects. In his previous role at VicRoads, Walsh was project director, freeway management system, responsible for developing and impleme
    Read More
  • Iteris sells its vehicle sensors business
    January 27, 2012
    Iteris has signed a definitive agreement to sell its vehicle sensors business to Bendix Commercial Vehicle Systems, a member of Knorr-Bremse Group. The sensors business encompasses a portfolio of vehicle active safety systems including lane departure warning, forward collision warning, and blind spot warning, as well as SafetyDirect software that analyses real-time driver performance. “The divestiture accomplishes two objectives,” said Abbas Mohaddes, president and CEO of Iteris. “It enables us to concentra
    Read More

Highlighted Content