Veltec Develops Technologies that Advance Assurance and Abate Operational Costs for Fleets
SUNNYVALE, Calif., Oct. 8, 2018 /PRNewswire/ — Trimble (TRMB) appear today that it has acquired privately-held Veltec, a agile administration provider that delivers solutions to busline companies to advance assurance and abate operational costs. Veltec is headquartered in Londrina, Brazil. The accretion of Veltec added expands Trimble’s all-around brand and extends Trimble’s agile assurance and adeptness solutions to new markets. Banking agreement were not disclosed.
“Veltec has accustomed itself as an avant-garde baton in Brazil accouterment fleets with solutions to aerate assurance and performance,” said Thomas Fansler, admiral of Trimble Busline Mobility. “With this acquisition, we attending to coact on carrying new technology for our customers, aggrandize our brand and added our eyes of convalescent busline and acumen throughout the world.”
Veltec’s agile advancement belvedere consists of a aggregate of in-vehicle accessories and aback appointment software to accommodate added afterimage into disciplinarian and agile performance. Through Veltec’s solutions, fleets accretion admission to actionable abstracts that can advice abate accidents, advance alone disciplinarian and agent achievement and admission ammunition economy.
“For added than a decade, Veltec has agilely focused on allowance our barter get the insights they charge to accomplish safer and added effectively,” said Dalton Swain Conselvan, managing administrator for Veltec. “We are aflame to accompany Trimble and to be a allotment of an alignment that shares this charge to advancing the assurance and adeptness of busline everywhere.”
Veltec’s business will be appear as allotment of Trimble’s Busline Segment.
Veltec is a arch agile advancement provider, developing technologies that advance assurance and abate operational costs. Based in Londrina, Brazil, Veltec serves added than 900 companies, carrying solutions focused on allowance fleets abate accidents, advance disciplinarian and agent achievement and admission ammunition economy. For added advice on Veltec, visit: https://veltec.com.br/en.
Trimble is transforming the way the apple works by carrying articles and casework that affix the concrete and agenda worlds. Core technologies in positioning, modeling, connectivity and abstracts analytics accredit barter to advance productivity, quality, assurance and sustainability. From purpose congenital articles to action lifecycle solutions, Trimble software, accouterments and casework are transforming industries such as agriculture, construction, geospatial and busline and logistics. For added advice about Trimble (TRMB), visit: www.trimble.com.
Certain statements fabricated in this columnist absolution are advanced attractive statements aural the acceptation of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are fabricated pursuant to the safe anchorage accoutrement of the Securities Litigation Reform Act of 1995. These statements absorb risks and uncertainties, and absolute contest and after-effects may alter materially from those declared in this account release. Factors that could account or accord to such differences include, but are not bound to, Trimble’s adeptness to apprehend the advancing allowances from the accretion of Veltec, and to auspiciously extend and aggrandize its agile assurance and acquiescence solutions to the Latin American market. Additional risks and uncertainties include: the risks inherent in amalgam an acquisition; hasty expenditures, accuse or affected liabilities that may aftereffect from the acquisition; and application key cadre and bartering relationships. Advice about abeyant factors which could affect Trimble’s business and banking after-effects is set alternating in letters filed with the SEC, including Trimble’s anniversary letters on Form 10-Q and its anniversary address on Form 10-K. All advanced attractive statements are based on advice accessible to Trimble as of the date hereof, and Trimble assumes no obligation to amend such statements.
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