WABCO Holdings Inc. (NYSE: WBC) and Chinese logistics company G7 have inked an agreement to form a joint venture in China to develop and sell advanced fleet management systems for trucks and trailers.
Privately-held G7 is an award-winning technology leader in China’s fleet logistic industry with a base of over 400,000 connected vehicles. Each company will hold a 50% stake in the new joint venture.
The goal is to bring WABCO’s depth in connecting trucks, trailers, cargo, drivers, business partners and fleet operators in real time to the Chinese marketplace.
Making it particularly compelling, G7 reports that it provides 85% of China’s largest logistics companies with real-time solutions that connect trucks, drivers, shippers and fleet managers. Through the G7 platform, businesses access their data metrics to gain visibility into their transportation ecosystem. The cloud-based system handles order processing, asset tracking, dispatch/route planning, and fuel monitoring.
The new joint venture will develop innovative Trailer FMS solutions for the Chinese fleet market, drawing on WABCO’s capability in trailer telematics and trailer electronic braking system (TEBS) as well as G7’s telematics expertise. These solutions will capture and process real-time vehicle-control systems data, including roll stability support (RSS), braking performance, cargo and route optimization, axle-loading, and vehicle tracking, among other safety and efficiency differentiators.
In addition, the joint venture’s Trailer FMS solutions will link with WABCO’s award-winning Intelligent Trailer Program, which monitors and controls more than 40 onboard functions such as OptiTire™ safety assistance, OptiLock™ high security and OptiFlow™ aerodynamic efficiency technologies.