Truck-Lite Finalizes Asset Management Supplier Acquisition

Date: June 10, 2019

Truck-Lite has completed the acquisition of TrackPoint Systems, a supplier of asset management solutions for the transportation industry.

Truck-Lite’s relationship with TrackPoint Systems goes back to January 2017 when the two companies entered a joint development project related to Truck-Lite’s Light-Out Detection System.

TrackPoint’s solar powered and wireless capabilities complemented the Road Ready by Truck-Lite technology roadmap and since then Road Ready has developed into an independent business unit, providing a smart trailer network tied to telematics.

Road Ready is a wireless, multi-functional trailer monitoring network that features a suite of wireless sensors and a number of OE trailer equipment and fleet software integrations. TrackPoint’s solar powered Tr/IPS master control unit offers wireless, untethered trailer tracking and monitoring and provides asset monitoring products to government agencies and private fleets.

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