Danaher Corporation acquires Navman Wireless

Navman Wireless, a provider of advanced fleet and asset management technology, has been acquired by Danaher Corporation, a Fortune 250 science and technology company.

The company will function as a standalone Danaher operating company, retaining the Navman Wireless brand as well as its personnel and locations.

Navman’s technology currently monitors more than 175,000 vehicles and assets owned by over 14,000 organisations worldwide, making the company one of the largest fleet and asset management providers in the world.

“Danaher has the resources, global footprint and commitment to support the continued growth of the Navman Wireless platform and business, along with a strong track record of building brands within its highly diversified portfolio,” said TJ Chung, president of Navman Wireless.

“All of these factors will help us continue to enhance our technology platform, expand into new vertical and geographic markets, and bring the benefits of fleet and asset management to vehicles and assets around the world that are not yet taking advantage of the technology.”

Navman Wireless is Danaher’s first acquisition in the fleet/asset management space, joining a portfolio of brands spanning test and measurement, life sciences and diagnostics, dental, environmental and industrial technologies.