PeopleNet acquired by Trimble
SUNNYVALE, Calif. – Wireless fleet management provider Trimble has signed an agreement to acquire PeopleNet.
The acquisition is expected to close in the third quarter of 2011 and will be reported in Trimble’s Mobile Solutions segment.
"PeopleNet is a key step in Trimble’s strategy for addressing the complex regulatory and operational demands of enterprise companies in the transportation and logistics (T&L) market," said Steven W. Berglund, Trimble’s president and chief executive officer.
"PeopleNet’s management and employees will be the core of our Americas T&L business and we expect to provide seamless continuity to existing PeopleNet customers."
"The PeopleNet management team is enthusiastic about joining Trimble," said Ron Konezny, founder and chief executive officer of PeopleNet.
"The combination of PeopleNet’s product portfolio with Trimble’s broad technology base will allow us to create unique solutions that will enable our customers to manage their most important assets."
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