Belgium headquartered WABCO Holdings Inc on Tuesday announced the acquisition of Bengaluru-based AssetTrackr, a fleet management solutions company, for an undisclosed sum.
In a statement, WABCO said it is expanding its global fleet management solutions business to India by acquiring AssetTrackr.
"WABCO signed an agreement to purchase 100 per cent of AssetTrackr's shares. The transaction is now subject to customary conditions precedent and expected to close by the fourth quarter 2017," the statement said.
Founded in 2013, AssetTrackr helps commercial vehicle fleets track, analyse and optimise their transportation resources and assets in real time.
--IANS
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