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WABCO acquires Bengaluru-based AssetTrackr

Posted By: Doraiah Vundavally August 8, 2017

WABCO acquires Bengaluru-based AssetTrackrChennai, Aug 8 (IANS) Belgium headquartered WABCO Holdings Inc on Tuesday announced the acquisition of Bengaluru-based AssetTrackr, a fleet management solutions company, for an undisclosed sum.

In a statement, WABCO said it is expanding its global fleet management solutions business to India by acquiring AssetTrackr.

"WABCO signed an agreement to purchase 100 per cent of AssetTrackr's shares. The transaction is now subject to customary conditions precedent and expected to close by the fourth quarter 2017," the statement said.

 

Founded in 2013, AssetTrackr helps commercial vehicle fleets track, analyse and optimise their transportation resources and assets in real time.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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WABCO acquires Bengaluru-based AssetTrackr

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.