Chennai 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.
--IANS
vj/amit/bg
