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Thermo King buys telematics provider

MINNEAPOLIS, Minn. — Thermo King has announced the acquisition of Celtrak, a company that offers vehicle tracking and fleet management tools.

Celtrak is based in Ireland and provides end-to-end telematics products and services in more than 30 countries. Thermo King has been working with the company as part of its TracKing telematics system.

“This is a strategic acquisition that further accelerates the advancement of Thermo King’s Intelligent Services strategy,” said Ray Pittard, president of Thermo King. “Through our decade-long partnership, we’ve successfully elevated our telematics platform to enable data-driven services that help lower our customer’s operating costs, offer traceability and enhance our products and services portfolio.”

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