WABCO signs agreement with AssetTrackr; expands fleet management solutions

WABCO Holdings Inc., a global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles, announced plans to expand 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% of AssetTrackr’s shares.

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. AssetTrackr 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 will link AssetTrackr’s local market and systems expertise with its own leading telematics solutions, through its rich data stream coming from their on-board vehicle control systems for trucks, buses, trailers, and off-highway vehicles, which include advanced braking, stability control, door-lock, and tire monitoring technologies.

P. Kaniappan, vice-president, WABCO INDIA, said: “With the acquisition of AssetTrackr, WABCO will build on its 55-year history in India, serving all leading OEMs and adding further capability to empower fleets through increasing digitalization of vehicles. WABCO’s ambition is to offer unrivalled solutions that advance the safety, efficiency and connectivity of commercial vehicles in India.”

Ashok Yerneni, AssetTrackr founder and CEO, commented on the deal: “WABCO and AssetTrackr are recognized as innovators and pioneers of breakthrough technologies and services that enable safer and more efficient commercial vehicles on India’s roads; both companies have established reputations for serving the industry’s leading players in their respective market sectors. Together we will take fleet management solutions to new heights.”