Belton, Missouri-based Safe Fleet has acquired FleetMind Solutions Inc, a Canadian manufacturer of wireless enabled on-board computers, driver terminals, and automation software for trucks. No financial terms were released. Safe Fleet, which owns a portfolio of brands targeted to fleet vehicle manufacturers and operators, said the deal supports its emphasis of safety solutions and expands its presence in the waste and recycling market. It added that FleetMind will retain its Montréal headquarters and leadership. Safe Fleet was formed in 2013 when The Sterling Group, a U.S. private equity firm, acquired ROM and SMI from Century Park Capital.
Safe Fleet Acquires FleetMind
BELTON, Mo., June 06, 2016 (GLOBE NEWSWIRE) — Safe Fleet is pleased to announce today the acquisition of FleetMind Solutions, Inc. (FleetMind).
Based in Montreal, Canada, FleetMind delivers the waste industry’s leading “smart truck” solution – onboard computing (OBC) systems that enable waste and recycling fleets to link their drivers and vehicles to business operations in real-time to ensure improved safety, productivity, sustainability and customer service. FleetMind solutions have been successfully installed in thousands of refuse collection vehicles across North America, providing unprecedented real-time information to drivers and dispatchers about a truck’s load-weight, route status, service completion, vehicular telemetry, driver activities and more. As a result, FleetMind-powered fleets enjoy optimized safety, total visibility into route progress, greater driver accountability, improved customer service, and vastly improved fuel efficiencies.
“We are excited to welcome FleetMind into the Safe Fleet family. This acquisition supports our vision to build the leading global provider of safety solutions for fleet vehicles,” said John R. Knox, President & CEO of Safe Fleet. “The addition of FleetMind expands Safe Fleet’s growing position in fleet management software & hardware for specialty fleet vehicles. The FleetMind product line is complementary to Safe Fleet’s existing fleet management products and expands Safe Fleet’s presence in the waste and recycling market.”
FleetMind will maintain both the operations out of its Montreal headquarters and its regional representation throughout North America. Co-owners, Martin Demers, CEO, and Martin Lord, CTO, will continue their leadership roles as Vice-Presidents within the Safe Fleet organization.
“For over 15 years, FleetMind has built a strong brand for its leadership in fleet management solutions for the waste and recycling industry,” said Martin Demers. “By joining the Safe Fleet family, we gain a strong global partner who shares our vision of safer, greener and more productive fleets, and who brings access to new resources, technologies and markets toward accelerating our product and growth strategies. Most importantly, together with Safe Fleet, we will be better positioned to serve our customers with extended opportunities for our smart truck systems. We are excited to join a team that shares our commitment to innovation, and we look forward to working together to enhance fleet safety and performance for all fleets.”
FleetMind is the company’s fourth acquisition in the video and telematics sector, an area of rapid growth for Safe Fleet.
Financial terms of the purchase were not disclosed.
About Safe Fleet
Headquartered in Belton, MO, Safe Fleet owns a portfolio of brands that provide increased functionality and integrated solutions for fleet vehicle manufacturers and operators around the world. These brands serve five major markets including: emergency services, bus and rail, truck and trailer, work truck, and industrial. With over 1000 employees, the Safe Fleet family of brands operates almost 600,000 square feet of manufacturing space and targets markets with increasing demand for operator, passenger, and pedestrian safety. For more information about Safe Fleet please visit www.safefleet.net.
About FleetMind Solutions, Inc.
FleetMind Solutions, Inc. is the award-winning technology leader for fleet management solutions. FleetMind’s technology is derived from over 15 years and millions of dollars invested in developing the industry’s best and most advanced fleet solutions specifically designed for waste and recycling environments. FleetMind solutions have been successfully installed in thousands of vehicles across North America. Our products have allowed the industry’s largest waste and recycling fleets to link their drivers and vehicles to business operations in real-time to ensure improved productivity, safety, sustainability, profitability and customer service. For more information, visit us at www.FleetMind.com.
Photo courtesy of Safe Fleet