Leading New Zealand GPS company Navman Wireless has merged with United States firm Teletrac to expand the company's global reach.
The company operates GPS tracking for fleet and asset management. It will continue to operate under the Navman and Teletrac brands with a joint executive management team led by Navman chief executive TJ Chung, who said the deal was a logical move for both companies.
"It became clear in our race to being the predominant global GPS fleet and asset tracking solution that the leverage of combining Navman Wireless and Teletrac was in the clear best interest of both companies' current and future customers," he said.
"We realised that both companies were highly synergistic and we had the opportunity to leap forward by partnering strength on strength."
The merged company's technology tracks more than half a million vehicles over five continents and it has offices across the US, Mexico, UK, NZ and Australia.