WABCO Holdings has announced that it is expanding its global fleet management solutions (FMS) business to India by acquiring AssetTrackr. WABCO signed an agreement to purchase 100% of AssetTrackr’s shares. The transaction is now subject to customary conditions precedent and expected to close by the fourth quarter 2017.
It is known that WABCO is a supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles and AssetTracKr an FMS provider based in Bangalore, India. AssetTrackr helps commercial vehicle fleets track, analyze and optimize their transportation resources and assets in real time.
AssetTrackr utilizes advanced, cloud-based fleet management software and telematics hardware, which enables fleet operators to connect vehicles, drivers, and cargo and to monitor relevant data. Its’s systems capture vehicle departure and arrival times, detect unauthorized stoppages or route deviations, optimize delivery routes, minimize delays, and monitor driving behavior. By doing so they help improve the operational efficiency and safety of commercial vehicle fleets.
WABCO’s FMS solutions are further enhanced through the rich data stream coming from WABCO’s onboard vehicle control systems for trucks, buses, trailers, and off-highway vehicles, which include advanced braking, stability control, door-lock, and tire monitoring technologies. WABCO will link AssetTrackr’s local market and systems expertise with its own leading telematics solutions.
Blending together complementary systems and domain expertise from both companies, WABCO will combine its Vehicle Tracking System (VTS), a dedicated fleet management solution with AssetTrackr’s innovative portfolio. This will create products for India’s commercial vehicle OEMs and fleet operators based on the industry’s most comprehensive telematics capabilities.
WABCO plans to combine AssetTrackr’s operations with its existing Digital Services business, which manages WABCO’s global portfolio of data-driven services and technologies, including its industry-leading fleet management solutions.