Vehicle group Rand McNally has acquired Australian-based Fleetsu and its flexible supply chain technology platform in a move that will expand its global footprint in the connect vehicle space.
Rand McNally, which was purchased by TELEO Capital in 2020, made the transaction as part of its pledge to significantly increase investment in best-in-class solutions for the transport industry.
The deal brings together Rand McNally’s fleet business with Fleetsu’s platform, data, and analytics capabilities.
Rand McNally said that the acquisition will help fleet operators maximise business productivity through access to real-time, on-the-road data, providing valuable insights that solve for today’s challenges like driver location and safety, engine performance, and vehicle efficiency (fossil and electric).
“Rand McNally is committed to delivering innovative products and services that improve fleet and driver efficiency, safety, and security,” said Aaron Dannenbring, CEO of Rand McNally.
“Fleetsu takes our existing expertise to the next level as we now offer the industry’s best connected fleet platform complementing our already robust hardware, navigation, logistics, and publishing businesses,” Dannenbring said.
“The combination of Rand McNally and Fleetsu creates a world-class connected vehicle powerhouse.”
Since launching seven years ago, Fleetsu has secured a number of major global truck and automotive OEM contracts, including Toyota Motor Corporation, Australia.
In 2021, Toyota selected Fleetsu as the platform to launch its Toyota Halo connected fleet management solution. Other Fleetsu customers include Avis, Budget, and Cummins.
“The acquisition of Fleetsu is an exciting step in Rand McNally’s transformation of its fleet and navigation product offerings,” said Joseph Roark, TELEO Capital Operating Partner and Rand McNally Chairman.
“Fleetsu’s cutting edge platform, analytics and data capabilities will allow Rand McNally to offer a connected vehicle solution across the full fleet supply chain,” Roark said.
He continued that the acquisition further expands Rand McNally’s footprint as a global provider to long-haul and local fleets, field service companies, government, auto and truck OEMs (both fuel and EV platforms) and vehicle rental fleets.
As part of the deal, Fleetsu founder Jakub Felinski will be driving new solutions as Chief Innovation Officer of Rand McNally.
“Fleetsu has quickly built a reputation grounded in being hyper-focused on meeting the needs of our customers, no matter how complex,” Felinski said.
“With Rand McNally’s strong navigation and transportation expertise and our already deep bench of leading engineers focused on creating technology data solutions, we are confident that we will be moving the industry forward,” he said.
“We look forward to expanding our combined global business that writes a new chapter for connected transportation, led by technology,” he concluded.
Source: Rand McNally
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