Danaher takes over Navman Wireless


Science and technology outfit Danaher Corporation has swooped on Navman Wireless to add fleet management technology to its range of services.

Danaher takes over Navman Wireless
Navman Wireless’ technology currently monitors more than 175,000 vehicles and assets owned by over 14,000 organisations worldwide.

Navman Wireless will continue to function as a standalone Danaher operating company, retaining the Navman Wireless brand as well as its personnel and locations.

Navman Wireless marks Danaher's first acquisition in the fleet asset management space. The firm's portfolio currently includes test and measurement, life sciences and diagnostics, dental, environmental and industrial technologies. Financial details of the transaction have not been disclosed.

"Danaher has the resources, global footprint and commitment to support the continued growth of the Navman Wireless platform and business, along with a strong track record of building brands within its highly diversified portfolio," Navman Wireless President TJ Chung says.

"All of these factors will help us continue to enhance our technology platform, expand into new vertical and geographic markets, and bring the benefits of fleet and asset management to vehicles and assets around the world that are not yet taking advantage of the technology."

The takeover follows a record 2012 for Navman Wireless and five successive years of revenue and growth during which the company has expanded its fleet and asset management platform and opened new geographic markets including Mexico, Italy, China and Taiwan.

Navman Wireless' technology currently monitors more than 175,000 vehicles and assets owned by over 14,000 organisations worldwide.

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