New Zealand’s Navman Wireless and Teletrac Inc., both providers of GPS fleet and asset tracking, have merged to create a global telematics organization.
The combined company will be run by an executive management team selected from both Teletrac and Navman Wireless. TJ Chung, Navman Wireless president and chief executive officer, will lead the joint company. The company will continue to operate under both the Navman Wireless and Teletrac brands and fully support all current customers and platforms in its ongoing goal to drive the industry forward, the companies announced.
"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. We realised that both companies were highly synergistic and we had the opportunity to leap forward by partnering strength on strength," Chung said.
The combined resources of Navman Wireless and Teletrac will expand the company to a more geographically diverse market, with offices in the UK, Australia, New Zealand, Mexico and the United States. "We believe more and more companies will want to partner with a global leader that holds a strong track record of customer success," Chung noted