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

  • Sagitta Consortium to promote digital transport solutions
    February 6, 2025
    Iteris owner Almaviva and FS Group launch new venture
    Read More
  • US trade associations respond to Highway Trust Fund patch
    July 31, 2014
    The International Bridge, Tunnel and Turnpike Association (IBTTA) and the American Road and Transportation Builders Association (ARBTA) have responded to the Senate passage of the Highway and Transportation Funding Act which extends funding for the Highway Trust Fund through May 2015. “Today’s Senate passage of the Highway Trust Fund patch does not negate the need for a long-term solution to our country’s infrastructure funding crisis. Congress must develop a comprehensive plan to address the critical f
    Read More
  • ITS projects deliver return on investment
    December 3, 2012
    Light is being shed on where the real return on investment is today – growing, tangible, revenue-generating markets like ITS. There is a great deal of investment going on within the ITS space, and a great deal of external interest in investing in ITS,” says Scott Belcher, President and CEO of ITS America, which has been connecting investors with technology firms ripe for investment. Interested parties include the leading investment banking firm Raymond James. Its managing director, Gary Downing says: “ITS i
    Read More
  • Transportation Control Systems joins McCain distributor network
    March 25, 2014
    McCain and Transportation Control Systems (TCS) have have joined forces to deliver first-class traffic control products in the US south-east. The agreement enables both companies to better meet the growing demand for intelligent transportation systems by making TCS the exclusive supplier of McCain’s traffic controllers, cabinets, signs, and software in Florida and the Caribbean. Through the recent acquisition of Quality Traffic Systems, another McCain distributor, TCS will also have distribution rights
    Read More

Highlighted Content