June 11, 2012
Trimble has acquired privately-held GeoTrac Systems Inc. of Calgary, Alberta, a provider of wireless fleet management and worker safety solutions for the oil and gas industry. The addition of GeoTrac is expected to extend Trimble company PeopleNet's transportation solutions to address the North American oil and gas industry. Financial terms were not disclosed.GeoTrac has been providing GIS mapping, web-based software and rugged hardware specifically for the oil and gas industry since 2003. Today, as the largest fleet management provider for the Canadian oil and gas industry, GeoTrac feeds GPS coordinates from thousands of vehicles daily. When a customer logs into GeoTrac's Web-based application, they can retrieve the latest map detail as provided by current activity in the field."GeoTrac's reach more than doubles our installed base in Canada and adds new team members who are committed to providing the industry a competitive edge by reducing operational costs and improving customer service," says Ron Konezny, general manager of Trimble's Transportation and Logistics Division.The GeoTrac business will be reported as part of Trimble's Mobile Solutions segment.