UPS sells Logistics Technologies unit
UPS has agreed to sell its UPS Logistics Technologies unit to Thoma Bravo, a private equity investment firm. Financial details of the deal have not been disclosed. Baltimore-based UPS Logistics Technologies creates hi-tech transportation routing and fleet management systems. More than 200,000 vehicles are managed through 3,300 installations worldwide. Specific transportation management applications provide street-level route plans, real-time wireless dispatch and GPS and strategic territory planning. The acquisition is expected to close by December 31st, thereafter, UPS Logistics Technologies will transition its name to Roadnet Technologies. According to Dave Barnes, UPS’s chief information officer, the decision to sell the business unit was based on UPS’s desire to focus on the development of technology directly tied to its own global package and freight networks and contract logistics services. UPS Logistics Technologies was founded in 1983 as Roadnet Systems, and was acquired by UPS in May 1986. Quelle: eyefortransport |