Location solutions provider Trimble has acquired Tata AutoComp Mobility Telematics (TMT), giving the US company greater access to the fast-growing Indian market.
TMT is a leading provider of telematics solutions, which are marketed under the â€œtrakoâ€ brand name. Its customers include Bharat Petroleum and other Tata group companies such as Tata Motors.
Trako offers a range of telematics products that let users track vehicles and integrate data into enterprise resource planning systems.
Bryn Fosburgh, Trimble vice president, said, in a press statement that the California-based company is keen to expand its presence in India. “The TMT acquisition broadens Trimble’s portfolio of telematics and MRM solutions and underscores our commitment to the Indian market,” he said in a press statement. MRM stands for mobile resource management.
R S Thakur, executive director and CEO of former TMT parent Tata AutoComp Systems, said the divestment would allow it to focus on its core business. The company is one of Indiaâ€™s largest automotive component makers.
Trimble applies technology to make field and mobile workers in businesses and government more productive. Solutions are focused on applications requiring position or locationâ€”including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to using positioning technologies, such as GPS, lasers and optics, Trimble solutions include tailor-made software content. Wireless technologies are used to connect field and the back offices.