SUNNYVALE, CA — Trimble Co. and its PeopleNet operation have increased their holdings in the fleet technology marketplace by purchasing the assets of privately held Cadec Global Inc.
Terms of the deal were not released.
Cadec’s driver and truck-based platforms coupled with its back office analytic tools serve fleets in the foodservice and private fleets arenas.
The addition of Cadec will further extend the fleet mobility technology and transportation systems of PeopleNet in these two sectors to enable greater levels of safety, compliance, cost reduction and customer service, according to Trimble.
“This acquisition combines the best of both Cadec and PeopleNet,” said Brian McLaughlin, PeopleNet president. “Cadec brings its expertise in world-class web enterprise, business intelligence and back-end analytics tools to the company, while PeopleNet brings its industry-leading mobile platforms, complementary machine-to-machine and cloud-based technologies and infrastructure along with its strong financial position. Together, our companies will leverage the enhanced expertise of both organizations to bring innovative technology and service solutions to the foodservice and private fleet industries and the transportation industry as a whole.”
Cadec’s current chief customer officer, Angela Shue, will transition to a new role as general manager of Cadec. She will also be responsible for working with the combined organization to develop new product innovations for the foodservice and private fleet industries.
Together, the PeopleNet and Cadec organizations will employ nearly 500 people.
Cadec will be part of the PeopleNet business and will continue to operate out of its Manchester, NH office.