Hyster-Yale acquires telematics company

By Helen Wright19 April 2016

Forklift truck manufacturer Hyster-Yale has acquired Speedshield Technology’s telematics installation and distribution businesses in the US and UK.

The company said the deal provided it with exclusive distribution rights of these businesses’ products in all areas outside of Australia. Following this acquisition, it said the acquired businesses would be rebranded as HYG Telematic Solutions.

Speedshield Technology, located in Melbourne, Australia, provides telematics technology for material handling equipment, as well as other fleet vehicle applications. It is the authorised provider of telematics products to Hyster-Yale customers, under the Yale Vision and Hyster Tracker telematics product offering.

Following the acquisition, Hyster-Yale said it intended to further develop its capabilities in servicing the fast-growing market for telematic solutions and fleet data analytics for material handling fleets.

It said the telematics application was offered in all new Hyster and Yale lift trucks, and could be retrofitted into existing Hyster and Yale lift trucks, as well as lift trucks and allied equipment from other manufacturers.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Loxam accelerates environmental shift
Equipment rental company aims to halve direct emissions by 2030 and cut indirect emissions by 30%
New HBOX+ lighting tower from Himoinsa
HBOX+ is designed for efficiency, connected remote control, safety and easy transport
Carrier Rental Systems launches ‘clean air’ fleet
Air scrubbers and filter units are designed to improve indoor air quality and improve productivity
CONNECT WITH THE TEAM
Murray Pollok Managing Editor Tel: +44(0)1505 850 043 E-mail: murray.pollok@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA