Provider of advanced fleet and asset management technology Navman Wireless was recently acquired by Danaher Corporation (News - Alert), a Fortune 250 science and technology company. The Navman Wireless brand will live on, though, as it, along with the company's personnel and locations, will be retained as a standalone Danaher operating company.
Navman has experienced consistent success over the last five years with consistent revenue and installed base growth during this period, culminating in a record 2012. The company also dramatically expanded its OnlineAVL2 fleet and asset management platform and entered new vehicle sectors including local services, transportation, construction, cold chain, mining, and oil and gas.
Currently, Navman's technology is monitoring over 175,000 vehicles and assets owned by more than 14,000 organizations around the globe.
"Danaher has the resources, global footprint and commitment to support the continued growth of the Navman Wireless platform and business, along with a strong track record of building brands within its highly diversified portfolio," said TJ Chung, president of Navman Wireless, in a statement. "All of these factors will help us continue to enhance our technology platform, expand into new vertical and geographic markets, and bring the benefits of fleet and asset management to vehicles and assets around the world that are not yet taking advantage of the technology."
Navman Wireless' OnlineAVL2 system is delivered in a Software-as-as-Service (SaaS (News - Alert)) model and enables fleet and asset managers to track all vehicle and asset locations in real time while controlling fuel, labor and vehicle/asset operating costs. It was recently named one of Construction Equipment's Top 100 New Products of 2012.
In December, Navman Wireless released two professional services packages designed to expedite, optimize and provide problem resolution for over 100 vehicle implementations of the OnlineAV2 fleet management platform. These new services promise to reduce rollout and configuration time by up to 80 percent, while offering a 50 percent faster return on investment.
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Edited by Brooke Neuman