Trimble Acquires GEOTrac to Extend PeopleNet's Transportation and Logistics Solutions for the North American Oil and Gas Industry
Trimble (NASDAQ: TRMB) announced today that it has acquired privately-held GEOTrac Systems Inc. of Calgary, a leading provider of wireless fleet management and worker safety solutions for the oil and gas industry. The addition of GEOTrac is expected to extend PeopleNet's industry-leading transportation solutions to address the North American oil and gas industry. Financial terms were not disclosed.
GEOTrac has been providing GIS mapping, web-based software and rugged hardware specifically for the oil and gas industry since 2003. GEOTrac works with many of the top energy producers and service companies in North America and provides custom solutions for lone worker and fleet management solutions.
While the oil and gas industry leads the world in drilling and exploration technologies, it is challenged with remote worker safety and fleet optimization. GEOTrac began mapping private oil and gas lease roads throughout the Western Canadian Sedimentary Basin (WCSB). As new roads were constructed by large oil and gas producers, GEOTrac continued to detail roads, creating the most comprehensive oil and gas lease-road network in Canada. Today, as the largest fleet management provider for the Canadian oil and gas industry, GEOTrac dynamically feeds GPS coordinates from thousands of vehicles daily. When a customer logs into GEOTrac's web-based application, they can retrieve the latest map detail as provided by current activity in the field.
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