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Oct 10, 2016

SMART VEHICLE INDUSTRY * USA: Daimler & Continental, focus on

* South Carolina - Continental's new acquisition improves fleet management capability

--- Continental acquired Zonar, a smart fleet management company, with Daimler Trucks as a minority investor... The trend of automakers searching out suppliers to develop smart vehicle technologies continues as Daimler is a minority investor in Continental AG new acquisition of smart fleet management technology provider Zonar... One of the minority investors in Zonar is Daimler Trucks of North America and the new venture has the potential to chart the course of the future of smart fleet management globally, Continental said in a statement announcing the deal, which is subject to approval by both the Federal Trade Commission and U.S. Department of Justice... Zonar is based in Seattle and employs a staff of more than 300, which concentrates on offering services to both public and private commercial vehicle fleets in North America. With the investment in Zonar by Continental, the two enterprises will combine their complementary strengths to become a major supplier in the sector and further expand both companies’ portfolios to offer additional smart fleet solutions to the market...
Fort Mill, SC, USA - The Detroit Bureau, by Joseph Szczesny - Oct.05, 2016

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