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

  • IRD announces strong third quarter, launches new products
    October 14, 2016
    Intelligent transportation systems provider International Road Dynamics (IRD) has announced solid financial results for the third quarter of 2016, with revenues up 16.0 per cent to US$36.6 million (CA$48.4 million) on growth in key North American markets and an increase in gross margin to 32.5 per cent. Nett earnings increased 27.5 per cent to US$1.6 million (CA$2.2 million). The company says it is in a strong financial position with working capital of US$10 million ($13.3 million). According to Terry Be
    Read More
  • Lysanda acquires Tracker
    February 7, 2014
    In a deal that will combine Lysanda’s B2B customer base alongside Tracker’s long-standing B2C sales reach, telematics and infomatics provider Lysanda has acquired Tracker Network, a wholly owned subsidiary of Direct Line Group. The combined companies intend to establish Tantalum Corporation, with approximately US$32.5 million in revenues and some 500,000 telematics installations throughout Europe. Commenting on the acquisition, Cédriane de Boucaud, CEO of Tantalum Corporation said: “Lysanda has been a
    Read More
  • Redflex acquires Smart Bus
    May 21, 2012
    Redflex Traffic Systems has acquired SBL Investments, and Americore Enterprises, leading providers of automated school bus arm photo enforcement in the United States. SBL and Americore offer the Smart Bus system, a dedicated on‐bus photo enforcement system intended to ‘Protect Our Most Precious Cargo, our children’. The acquisition positions Redflex as a leading provider of school bus safety photo enforcement technology at a time when more and more school districts are using the technology to deter reckless
    Read More
  • IBTTA applauds Administration’s proposal to lift ban on interstate tolling
    May 1, 2014
    The International Bridge, Tunnel and Turnpike Association (IBTTA) has applauded the Obama Administration for including language in its surface transportation reauthorisation proposal, the Grow America Act, released earlier today that would ‘eliminate the prohibition on tolling existing free Interstate highways.’
    Read More

Highlighted Content