Paccar Invests $10 million In PNV
December 3, 1999
Paccar.com, the Internet division of Paccar Inc., has invested $10 million in PNV Inc. and formed a multi-year marketing alliance.
PNV, formerly known as Park 'N View, offers in-cab telecommunications and Internet access services to truck drivers and their families, fleets, and industry suppliers.
Details of the alliance weren't disclosed but the companies said it will leverage the strategic assets and marketing efforts of each.
"Paccar is a leader in the use of technology to improve the comfort, safety and lifestyle of commercial vehicle drivers as well as the overall productivity of the industry," said Paccar chairman and CEO Mark Pigott. "Our relationship with PNV will accelerate those efforts and enhance the communications capabilities of Kenworth and Pterebilt drivers throughout North America."