PeopleNet Acquires Cadec to Expand Its Technology for the Private-Fleet Sector
Financial terms were not disclosed.
PeopleNet, which is part of Trimble, provides mobile communications systems and software designed to help fleets improve efficiency, safety and regulatory compliance.
Cadec will be part of the PeopleNet business, which is included in Trimble’s Mobile Solutions segment.
Cadec will continue to operate out of its office in Manchester, New Hampshire, PeopleNet said.
“This acquisition combines the best of both Cadec and PeopleNet,” PeopleNet President Brian McLaughlin said. “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.”
McLaughlin said Cadec will bring its expertise in Web enterprise, business intelligence and analytics tools to the company, complementing PeopleNet’s mobile platforms, cloud-based technology and “strong financial position.”
The combined business of PeopleNet and Cadec will have nearly 500 employees.
PeopleNet said Cadec’s current chief customer officer, Angela Shue, will transition to a new role as general manager of Cadec. She will work with PeopleNet’s leadership on product development, the company said.
The Cadec acquisition continues Trimble’s expansion in the trucking technology space. After its purchase of PeopleNet in 2011, Trimble bought other major firms, including TMW Systems and ALK Technologies.
