Navigation systems and telematics provider Trimble says that, following the acquisition of Punch Telematix, the company will offer a full set of solutions to both LCV and HGV markets across Europe.
"With Punch Telematix's focus on transportation management solutions, this acquisition expands Trimble's MRM [mobile resource management] portfolio of products and services," explains Andrew Yeoman, managing director of Trimble's mobile resource management division in Europe.
"It fits well with our strategy of offering a complete range of solutions for a variety of commercial vehicles—from service van fleets to light, heavy and semi trucks," he continues.
"The market for Punch Telematix solutions is expected to grow, given that Trimble has a global presence as a leading provider of positioning solutions and applications for mobile resource management," comments Michel Van Maercke, CEO of Punch Telematix.
"The acquisition offers good prospects for the future of the business as our solutions are highly complementary," he adds.
Trimble made a cash bid worth around £12 million for Punch.
