KUSBP tenant tracking firm Navman Wireless has sold its GPS Module business unit to Telit Communications.

 

The GPS Module business unit has been operating under Navman Wireless as an independent business unit since July 2007.
 
Navman Wireless CEO T.J. Chung said: “The addition of our Jupiter GPS module products will enhance Telit's existing
product portfolio in the growing M2M communications field.  Going forward, our OEM business unit will benefit from the global sales and marketing resources
of Telit.

"The GPS Module business unit has certainly contributed to the success of Navman Wireless over the last few years.  However, this transaction allows us to further focus our time and resources on our core fleet tracking business as we march towards 200,000 vehicle connections and beyond.

"Our overall strategy remains unchanged - we are a global solutions provider of asset and fleet management systems.  We will remain focused on expanding our growing global footprint in the fleet tracking and asset management business, increasing our installed base, and supporting the best technology platform in the industry."

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