Expansion of global transportation solutions

October 17th, 2018, Published in Articles: PositionIT

Trimble has acquired privately-held Veltec, a fleet management provider that delivers solutions to transportation companies to improve safety and reduce operational costs. Veltec is headquartered in Londrina, Brazil. The acquisition further expands the company’s global footprint and extends its fleet safety and efficiency solutions to new markets. Financial terms were not disclosed. Veltec’s fleet mobility platform (which serves more than 900 companies) consists of a combination of in-vehicle devices and back office software to provide increased visibility into driver and fleet performance. Through these solutions, fleets gain access to actionable data that can help reduce accidents, improve individual driver and vehicle performance and increase fuel economy. With this acquisition, Trimble looks to collaborate on delivering new technology to its customers, expand its footprint and further its vision of improving transportation and logistics throughout the world. Veltec’s business will be reported as part of Trimble’s Transportation Segment.

Contact Sylvie Leiss, Trimble, sylvie_leiss@trimble.com