Thermo King Acquires Celtrak

Thermo King, a manufacturer of transport temperature control solutions for a variety of mobile applications and a brand of Ingersoll Rand, today announced the acquisition of Celtrak. Celtrak is a global leader in the development of customized and integrated vehicle tracking and fleet management solutions. Based in Galway, Ireland, the company provides end-to-end telematics products and services for customers in more than 30 countries and in 10 different languages. Thermo King has partnered with Celtrak since 2005 on its TracKing™ telematics solutions, a product that is available exclusively through the Thermo King dealer network. “This is a strategic acquisition that further accelerates the advancement of Thermo King’s Intelligent Services strategy,” said Ray Pittard, president of Thermo King. “Through our decade-long partnership, we’ve successfully elevated our telematics platform to enable data-driven services that help lower our customer’s operating costs, offer traceability and enhance our products and services portfolio,” said Pittard. Telematics is a catalyst to providing greater insight into how equipment performs and enhances customer service. The data that is collected increases the speed of detection of potential issues, provides visibility of refrigerated assets, and delivers crucial information to drivers and fleet owners. “This is a good fit for the Celtrak business and our employees. For the last decade we’ve had a successful partnership with Thermo King and we’re proud to be a part of the team,” said Declan McAndrew, chief executive officer of Celtrak. Source: Thermo King
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