Teletrac and Navman Wireless Announce Combination Creating Global Telematics Leader
AUCKLAND, New Zealand, 4 March 2015 — Navman Wireless and Teletrac Inc., two of the leaders in the GPS fleet and asset tracking space, have merged to create one of the world’s largest global telematics organisations.
The combined company will be run by an executive management team selected from both Teletrac and Navman Wireless. TJ Chung, Navman Wireless president and chief executive officer, will lead the joint company. The company will continue to operate under both the Navman Wireless and Teletrac brands and fully support all current customers and platforms in its ongoing goal to drive the industry forward.
“It became clear in our race to being the predominant global GPS fleet and asset tracking solution, that the leverage of combining Navman Wireless and Teletrac was in the clear best interest of both companies’ current and future customers. We realised that both companies were highly synergistic and we had the opportunity to leap forward by partnering strength on strength,” Chung said.
The combined resources of Navman Wireless and Teletrac will expand the company to a more geographically diverse market, with offices in the UK, Australia, New Zealand, Mexico and the United States. “We believe more and more companies will want to partner with a global leader that holds a strong track record of customer success,” Chung noted.
“With the strength of a combined research and development capability, budgets and a world-class engineering team we will be paving the way for future innovation. The merger of two leading telematics companies will allow our current and future customers to benefit from a further enhanced feature offering, setting us apart in the industry,” noted Ian Daniel, Vice President Asia Pacific.
About the Combined Teletrac and Navman Wireless Business
Teletrac and Navman Wireless combine to represent global leadership in GPS-based fleet optimisation products and services, including real-time vehicle tracking and analytics that enable companies to monitor, measure and improve operational costs and efficiencies. The joint company's technology currently tracks more than 500,000 vehicles owned by over 40,000 organisations on five continents, making it one of the world's largest fleet management providers. The company, headquartered in Glenview, IL, has offices in Garden Grove, California, Dallas, Texas, Monterrey, Mexico, Keele and Cranfield in the UK, Auckland, New Zealand and Sydney, Australia.
For more information about the Navman Wireless and Teletrac Inc. please visit, www.navmanwireless.co.nz and www.teletrac.com
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