MONTREAL, ON – Canadian aerodynamic solutions company Transtex announced the acquisition of fleet safety technology company RM2J, yesterday.
The transaction, completed in July, represents a strategic opportunity for Transtex, the company said in a release.
The acquired technologies will provide products that increase fuel savings while reducing speeds for improved security, Transtex said.
CEO Mathieu Boivin said Transtex was happy to find RM2J, whose advances will help to continue a pattern of growth through technological innovation for the company.
“We were amongst the first to have skirts patented ten years ago. More recently, we have been exploring opportunities in the technology sector - namely the IoT [Internet of Things] – that will drive market growth and allow us to continue evolving within this industry,” he said.
The Internet of Things is the name given to everyday objects that connect to each other and the internet to create an increasingly automated world.
Transtex says the E-Smartdriver, a real-time driver management system that comes with the acquisition, is a fleet management solution that will bridge the gap between future autonomous truck technology and today’s equipment.
Using GPS technology, the E-Smartdriver system accurately determines a driver’s location in real time and caps the maximum speed that the vehicle can attain in a posted speed zone.
“We are very pleased and proud to be joining Transtex,” said Jean Poulin, President at RM2J. “Their product mix and business model is a perfect strategic complement to the E-Smartdriver system.”
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