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Thermo King purchases fleet management systems provider

Thermo King, a manufacturer of transport temperature-control systems and a subsidiary of Ingersoll Rand, has acquired Ireland-based Celtrak.

   Thermo King, a manufacturer of transport temperature-control systems and a subsidiary of Ingersoll Rand, has acquired Celtrak, a Galway, Ireland-based provider of fleet management systems.
   Financial terms of the deal were not disclosed.
   Thermo King has partnered with Celtrak on its TracKing telematics solutions since 2005.
   Telematics provides increased insight into how equipment performs. “The data that is collected increases the speed of detection of potential issues, provides visibility of refrigerated assets, and delivers crucial information to drivers and fleet owners,” Thermo King said in a statement.

Chris Gillis

Located in the Washington, D.C. area, Chris Gillis primarily reports on regulatory and legislative topics that impact cross-border trade. He joined American Shipper in 1994, shortly after graduating from Mount St. Mary’s College in Emmitsburg, Md., with a degree in international business and economics.