PeopleNet Acquires Foodservice and Private Fleet Firm, Cadec Global
PeopleNet, a Trimble Company, has acquired the assets of privately held Cadec Global of Manchester, New Hampshire, a company that has pioneered in driver and truck-based platforms and analytic tools, notably in the foodservice and private fleets industries.
Financial terms were not disclosed. Cadec has been noted for several industry firsts since 1976—including the first Federal Motor Carrier Safety Administration (FMCSA)-certified automated driver logs, the first fleet management system to interface with engine control modules, the first system to interface with GPS and the first system with a graphical touchscreen.
Noted Brian McLaughlin, PeopleNet president, “Cadec brings its expertise in world-class Web enterprise, business intelligence and back-end analytics tools to the company, while PeopleNet brings its industry-leading mobile platforms, complementary M2M and cloud-based technologies and infrastructure along with its strong financial position.”
Together, the PeopleNet and Cadec organization will employ nearly 500 professionals focused on addressing customers’ fleet management requirements.
Category: Featured, General Update