Navman Wireless and Teletrac link to form telematics giant


Joint company highlights greater research and development strength

Navman Wireless and Teletrac link to form telematics giant
TJ Chung identifies synergies and bigger market.

 

Two leading GPS fleet and asset tracking providers, Navman Wireless and Teletrac, have merged to create one of the world’s largest telematics companies.

The combined firm will be run by an executive management team selected from both companies.

Navman Wireless president and CEO TJ Chung will lead the new entity.

"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," Chung says.

"We realised that both companies were highly synergistic and we had the opportunity to leap forward by partnering strength on strength."

The combined resources will expand the company to a more geographically diverse market, with offices in the UK, Australia, New Zealand, Mexico and the United States.

The new company will continue to operate under both the Navman Wireless and Teletrac brands and support all current customers and platforms.

"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," Asia Pacific vice president Ian Daniel says. 

"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."

The new firm sees its consolidated engineering teams creating an industry-leading R&D budget, "paving the way for future innovation in the telematics space at a level greater than currently seen in the market".

"We expect that both Navman Wireless and Teletrac customers will be able to greatly leverage the enhanced feature set in the coming years as a result of this combination," Mike Jarvinen, marketing VP of for the joint company, says. 

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