Danaher Buys Navman Wireless
Navman Wireless, a provider of advanced fleet and asset management technology used to optimize business and government fleets as well as heavy equipment operations, today announced its acquisition by Danaher Corporation (NYSE: DHR), 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.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.