Truck-Lite acquires asset management business

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Updated Jun 10, 2019

Truck-Lite's Road Ready solution is serviced by Track PointTruck-Lite announced Friday it has completed the acquisition of TrackPoint Systems, LLC, a premier supplier of asset management solutions to the transportation, utility, construction, oilfield and government sectors.

Truck-Lite entered a joint development project with TrackPoint in January 2017 with the goal of communicating information from Truck-Lite’s industry-first Light-Out Detection System to a fleet’s back office. TrackPoint’s solar-powered and wireless capabilities significantly complemented the Road Ready by Truck-Lite technology roadmap; since then, Road Ready by Truck-Lite has developed into an independent business unit and provides the industry’s first true smart trailer network tied to telematics, the company says.

“Entering an agreement with TrackPoint was a key factor in Truck-Lite’s emergence as a leading telematics systems provider,” says Brian Kupchella, Truck-Lite CEO. “By combining our resources and expertise, we’ve built the most dynamic and customizable trailer telematics network available.”

Founded in Nashville in 2005, TrackPoint revolutionized wireless, location-based asset monitoring products and has served local, state and federal government agencies in addition to privately owned fleets. With its patented solar-powered Tr/IPS master control unit, TrackPoint says it quickly became an industry leader in wireless, untethered trailer tracking and monitoring.

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