Teletrac and Navman Wireless have merged into a single telematics company, the two recently announced. The combined company will be run by a management team selected from both Teletrac and Navman Wireless.
Both companies will continue to operate under the current names and support all current customers and platforms. The two companies decided to merge in order to expand make a “leap forward” in growth. The combined resources will expand the new company into a more geographically diverse market, says TJ Chung, the Navman Wireless president who was recently chosen to lead the joint company.
“It became clear in our race to being the predominant global GPS fleet and asset tracking solution that the leverage of combining Navman Wireless and Teletrac was in the clear best interest of both companies current and future customers,” said Chung.
The engineering teams of both companies will leverage the resources of the two companies and create an R&D budget to further the company’s innovation efforts in the telematics space.
“We expect that both Navman Wireless and Teletrac customers will be able to greatly leverage the enhanced feature set in the coming years as a result of this combination,” said Chung. “Our future customers will see the added benefit of leveraging innovations from two leading companies.”