Phillips Connect Technologies (PCT) has acquired Connected Holdings, an IoT intelligent services provider.
Connected Holdings has been working closely with PCT over the past year developing the TrailerNet family of trailer telematics solutions. These products leverage the Connected Holdings “Intelligence as a Service” platform to create a cost effective, integrated and proven IoT solution, the companies say.
“The synergies that these businesses create with the acquisition are unlike anything I’ve witnessed in my career,” says Bill Ellis, managing director, PCT. “We tapped into Phillips’ 91 years in the trucking business with its sterling reputation and worked alongside our fleet customers to create something truly game-changing. By integrating the Connected Holdings’ team of industrial IoT engineering experts into our PCT business, the sky is the limit for bringing transformational improvements to transportation.”
Eric Collins, co-founder, Connected Holdings, says, “When we originally learned about what PCT had been developing, we knew they were onto something big — and with a completely different product roadmap than any other telematics company had ever considered. We are continually amazed to see firsthand the market share and strong fleet relationships that Phillips has maintained for decades. We understand that this only comes from building excellent quality products and providing consistent solutions to their customers. We’re very proud to be joining such a great team to develop and deliver our IoT innovations to the global transportation markets.”
PCT will be launching its full TrailerNet, ChassisNet and ContainerNet transportation technology platforms at ATA’s Technology and Maintenance Council (TMC) 2019 Annual Meeting & Transportation Technology Exhibition, being held March 18-21, at the Georgia World Congress Center in Atlanta.
