Phillips Connect Technologies has acquired Connected Holdings, an internet of things intelligent services provider based in Southern California.
PCT will be launching its full TrailerNet, ChassisNet and ContainerNet telematics platforms this year and Connected Holdings has been working with the company to develop the solutions. PCT’s telematics platforms make extensive use of Connected Holdings’ intelligence as a service technology which is already in use in the consumer vehicle tracking market.
Connected Holdings designed cellular devices have been deployed on more than 4 million vehicles, according to PCT.
“The synergies that these businesses create with the acquisition are unlike anything I’ve witnessed in my career,” said Bill Ellis, managing director of Phillips Connect Technologies. “By integrating the Connected Holdings’ team of industrial IoT engineering experts into our PCT business, the sky is the limit for bringing transformational improvements to transportation.”