The acquisition is expected to expand Trimble’s solutions for the automotive and other markets and allow the company to better address markets in China, Asia Pacific and India. Financial terms were not disclosed.
Yamei’s solutions include its ALL-WAY brand of aftermarket vehicle wireless entry and tracking products. For on-board diagnostics, Yamei’s Eco-Way™ navigation and telematics device features Eco:Drive and Eco:Route applications that monitor driver behavior and vehicle performance, and provide wireless Internet access. Eco:Drive shows drivers in real-time their fuel usage and carbon emissions and provides advice on how to improve gas mileage and reduce emissions. Eco:Route tells drivers the most fuel efficient route to drive from start to destination.
“Our innovative technologies for automotive vehicle security and tracking combined with Trimble’s telematics experience is an exciting combination as we look forward to the future of the business,” said Chander Oberoi, CEO of Yamei Electronics. “We are proud to be part of Trimble and look towards expanding our product reach beyond China into the entire Asia Pacific region.”