WABCO Holdings Inc has expanded its global fleet management solutions (FMS) business to India by acquiring AssetTrackr, an innovative FMS provider based in Bangalore, India. WABCO signed an agreement to purchase 100 percent of AssetTrackr’s shares. The transaction is now subject to customary conditions precedent and expected to close by the fourth quarter 2017.
Founded in 2013, AssetTrackr is a dynamic start-up company that helps commercial vehicle fleets track, analyse and optimise their transportation resources and assets in real time. AssetTrackr utilises advanced, cloud-based fleet management software and telematics hardware, which enables fleet operators to connect vehicles, drivers, and cargo and to monitor relevant data. AssetTrackr systems capture vehicle departure and arrival times, detect unauthorized stoppages or route deviations, optimize delivery routes, minimize delays, and monitor driving behaviour. By doing so they help improve the operational efficiency and safety of commercial vehicle fleets.
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