SUNNYVALE, Calif., May 26, 2015 /PRNewswire/ -- Trimble
(NASDAQ:TRMB) announced today that PeopleNet, a Trimble Company,
has acquired the assets of privately held Cadec Global Inc. of
Manchester, New Hampshire. Cadec's
pioneering driver and truck-based platforms coupled with its unique
back office analytic tools enable companies to maximize the value
of their foodservice and private fleets and improve customer
service. The addition of Cadec will further extend the fleet
mobility technology and transportation solutions of PeopleNet in
the foodservice and private fleet industries to enable greater
levels of safety, compliance, cost reduction and customer service.
Financial terms were not disclosed.
Cadec has long been known as a leader in technology for
foodservice and private fleets, providing multiple industry firsts
since 1976—including the first Federal Motor Carrier Safety
Administration (FMCSA)-certified automated driver logs, the first
fleet management system to interface with engine control modules,
the first system to interface with GPS and the first system with a
graphical touchscreen.
"This acquisition combines the best of both Cadec and
PeopleNet," said Brian McLaughlin,
PeopleNet president. "Cadec brings its expertise in world-class Web
enterprise, business intelligence and back-end analytics tools to
the company, while PeopleNet brings its industry-leading mobile
platforms, complementary M2M and cloud-based technologies and
infrastructure along with its strong financial position. Together,
our companies will leverage the enhanced expertise of both
organizations to bring innovative technology and service solutions
to the foodservice and private fleet industries and the
transportation industry as a whole."
Known as a transportation industry visionary, Cadec's current
chief customer officer Angela Shue
will transition to a new role as general manager of Cadec, working
with PeopleNet's leadership team to continue to offer exceptional
customer service. Shue also will be responsible for working with
the combined organization to develop new product innovations for
the foodservice and private fleet industries.
Together, the PeopleNet and Cadec organization will employ
nearly 500 professionals whose values center on solving its
customers' fleet management challenges.
"When Trimble and PeopleNet considered the growth opportunities
in the foodservice category, they looked to Cadec," said Shue.
"Our organizations share a visionary and innovative spirit. We are
excited to work together to broaden PeopleNet's presence in the
market and bring a new level of safety, compliance and cost
reduction solutions to our customers."
Cadec will be part of the PeopleNet business, which is reported
in Trimble's Mobile Solutions segment. Cadec will continue to
operate out of its Manchester, New
Hampshire office.
About Cadec Global
Cadec provides up-to-the-minute driver and vehicle data to
enable companies to maximize the value of their private fleets and
improve customer service. The company's SaaS-based fleet management
system integrates wireless communications, mobility technology and
business applications to connect private fleets with their drivers
and trucks for unprecedented levels of visibility, automation and
supply chain management.
For more information, visit: www.cadec.com.
About PeopleNet
PeopleNet provides fleet mobility technology for North America's land transportation industry
that enables greater levels of safety, compliance, cost reduction
and customer service. The company's fleet mobility system combines
network communications, mobility and analytics to create the
next-generation standard in technology-driven fleet performance and
decision-making management. Its products are used by more than
2,000 truckload, LTL, private, and energy services fleets in
the United States and Canada, including several Fortune 500
companies. The company aggressively develops new products that
continue to improve fleet management. PeopleNet is a Trimble
(NASDAQ: TRMB) Company and part of its international Transportation
and Logistics Division. PeopleNet was named as a key factor in
Trimble's top ranking by ABI Research's 2014 Commercial Fleet
Telematics Competitive Assessment. For more information about
PeopleNet and its products, call (888) 346-3486, or visit
www.peoplenetonline.com.
About Trimble
Trimble applies technology to make field and mobile workers in
businesses and government significantly more productive. Solutions
are focused on applications requiring position or
location—including surveying, construction, agriculture, fleet and
asset management, public safety and mapping. In addition to
utilizing positioning technologies, such as GPS, lasers and optics,
Trimble solutions may include software content specific to the
needs of the user. Wireless technologies are utilized to deliver
the solution to the user and to ensure a tight coupling of the
field and the back office. Founded in 1978, Trimble is
headquartered in Sunnyvale,
Calif.
For more information, visit: www.trimble.com.
Certain statements made in this press release are forward
looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, and are made pursuant to the safe harbor provisions of
the Securities Litigation Reform Act of 1995. These statements
involve risks and uncertainties, and actual events and results may
differ materially from those described in this news release.
Factors that could cause or contribute to such differences
include, but are not limited to, PeopleNet's ability to
successfully extend and improve its fleet mobility solutions
in the foodservice and private fleet industries through
the acquisition of Cadec's solutions. Additional risks and
uncertainties include: the risks inherent in integrating an
acquisition; unanticipated expenditures, charges or assumed
liabilities that may result from the acquisition; and retaining key
personnel and commercial relationships. Information about potential
factors which could affect Trimble's business and financial results
is set forth in reports filed with the SEC, including Trimble's
quarterly reports on Form 10-Q and its annual report on Form 10-K.
All forward looking statements are based on information available
to Trimble as of the date hereof, and Trimble assumes no obligation
to update such statements.
GTRMB
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SOURCE Trimble