MONTREAL, Oct. 30, 2017 /CNW Telbec/ - Transtex LLC and Transtex Composite Inc. (together "Transtex"), a leader in the development and manufacturing of aerodynamic solutions for commercial vehicles in transportation, announced today the acquisition of RM2J Inc., a developer of fleet safety technology that enhances both fuel economy and vehicle safety.
Completed on July 14, 2017, the transaction represents an important strategic opportunity for Transtex as it progresses toward its goal of providing customers with emerging technologies that maximize fuel savings and proactively reduce speeds for improved security.
"Technological advances have made a tremendous difference in our industry in recent years," said Mathieu Boivin, CEO of Transtex, "and innovation has always been a pillar of our growth strategy. We were amongst the first to have skirts patented ten years ago. More recently, we have been exploring opportunities in the technology sector — namely the IoT [Internet of Things] — that will drive market growth and allow us to continue evolving within this industry. So we were happy to find RM2J and their E-SMARTDRIVER solution."
E-SMARTDRIVER and its suite of related products join the Transtex product line as a fleet management solution bridging the gap between tomorrow's autonomous truck and today's equipment. Using E-SMARTDRIVER's intelligent platform, fleets can improve safety, security, compliance, and fuel efficiency through proactive and real-time driver management. Using GPS technology, the E-SMARTDRIVER system accurately determines a driver's location in real time and caps the maximum speed that the vehicle can attain in a posted speed zone.
"We are very pleased and proud to be joining Transtex," said Jean Poulin, President at RM2J. "We have always admired their market leadership, pioneering spirit, and integrity in the aerodynamic sector of the transportation industry. Their product mix and business model is a perfect strategic complement to the E-SMARTDRIVER system. Together, we'll accelerate growth and continue to serve our customers."
Spearheading the exploration of emerging technologies and the acquisition was George Bassily, Vice President of Engineering and Marketing at Transtex. "Our customers are under constant pressure from market forces to deliver more with less, intelligently," said Bassily. "That's why Transtex invests consistently in R&D. Fleet management technology can make a huge contribution to fleet efficiency and safety. That overriding idea led us to this acquisition."
For more information on E-SMARTDRIVER, please visit: http://transtex-llc.com/products/e-smartdriver/
Transtex develops and manufactures solutions that offer fleet operators the capacity to significantly reduce fuel consumption and improve vehicle safety. A pioneer manufacturer of aerodynamic solutions that lead the industry in performance, reliability, and value. Transtex delivers innovative hardware and software solutions that improve the customers' bottom line. Operating in the USA, Canada, and Mexico, Transtex has been serving the industry in North America for over ten years and is based in Montreal, CANADA. For additional information, please visit http://www.transtex-llc.com/
SOURCE Transtex Composite
For further information: Media Contact: Kristy Pealow, Marketing Director, Transtex, 1-877-332-3519 ext. 135, [email protected]