Danaher Acquires Fleet Tracking Company Navman Wireless

February 20, 2013  - By

Navman Wireless, a provider of fleet and asset management technology, announced its acquisition by Danaher Corporation, a Fortune 250 science and technology company. Navman Wireless’ technology currently monitors more than 175,000 vehicles and assets owned by over 14,000 organizations worldwide.

The OnlineAVL2 system, delivered under the Software-as-a-Service (SaaS) model, enables fleet and asset managers to track all vehicle and asset locations in real time as well as control fuel, labor and vehicle/asset operating costs.

Navman Wireless reports it has had five successive years of revenue and installed base growth during which the company entered new vertical sectors including local services, transportation, construction, cold chain, mining, and oil and gas, and opened new geographic markets including Mexico, Italy, China and Taiwan.

“Danaher has the resources, global footprint and commitment to support the continued growth of the Navman Wireless platform and business, along with a strong track record of building brands within its highly diversified portfolio,” said TJ Chung of Navman Wireless. “All of these factors will help us continue to enhance our technology platform, expand into new vertical and geographic markets, and bring the benefits of fleet and asset management to vehicles and assets around the world that are not yet taking advantage of the technology.”

Navman Wireless is Danaher’s first acquisition in the fleet/asset management space, joining Danaher’s portfolio spanning test and measurement, life sciences and diagnostics, dental, environmental and industrial technologies. Financial details of the transaction were not disclosed.

Janice Partyka

About the Author:

Janice Partyka is principal of JGP Services, www.jgpservices.net, a consulting practice that helps companies with marketing strategy, including investigating new markets, ensuring product roadmaps match market needs, and creating marketing campaigns. Janice develops websites, social media, public relations and overall marketing communication. She also works as an expert witness for the mobile industry and conducts prior art searches for patent cases. Janice has served in leadership capacities in the wireless industry, leading marketing, business development, media and government relations, including serving as vice president of external affairs for TechnoCom Corporation. She briefed the Obama transition team on broadband issues. Janice was a twice-elected member of the board of directors of the E9-1-1 Institute, which supports the work of the U.S. Congressional E9-1-1 Caucus to ensure implementation of wireless E9-1-1, and she was telecom liaison to the Intelligent Transportation Society's World Congress. Janice is a frequent speaker at mobile and location industry events. Her webinars on mobile applications and technologies draw audiences from more than 40 countries. Janice Partyka is also the founder of www.majorstocareers.com, a web service that helps college students find the right major that will lead to a satisfying career. Contact: Janice Partyka at jpartyka@jgpservices.net, www.jgpservices.net. Free subscriptions to Wireless LBS Insider are available at http://www.gpsworld.com/subscriptions.

Comments are currently closed.