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Danaher Corp Acquires Navman Wireless


Tuesday, 29 Jan 2013 01:07pm EST 

Navman Wireless, a provider of advanced fleet and asset management technology used to optimise business and government fleets as well as heavy equipment operations, announced its acquisition by Danaher Corporation, a Fortune 250 science and technology company. Navman Wireless will function as a standalone Danaher operating company, retaining the Navman Wireless brand as well as its personnel and locations. The transaction follows a record 2012 for Navman Wireless and five successive years of revenue and installed base growth during which the Company has dramatically expanded its OnlineAVL2 fleet and asset management platform, entered new vertical sectors including local services, transportation, construction, cold chain, mining, and oil and gas, and opened new geographic markets including Mexico, Italy, China and Taiwan. Terms of the transaction were not disclosed. 

Company Quote

83.38
-0.13 -0.16%
25 Nov 2014