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Teletrac Navman provides cloud-based fleet management and telematics software that uses artificial intelligence, aimed at transport and logistics, service fleets and construction businesses. The company says its platform lets customers track vehicles, equipment and light assets, support driver safety and coaching, manage hours of service compliance, and combine fuel and charging data in one place. It says its solutions are used by thousands of businesses worldwide.

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Industry & M&A

Ricardo Buranello becomes Teletrac Navman CEO after US$220m Respida deal

Teletrac Navman has named Ricardo Buranello as CEO three months after private equity firm Respida Capital bought a majority stake from Vontier in a deal valuing the business at US$220 million. He succeeds Alain Samaha, who stays on the board, as the company says it will keep building its cloud-based, AI-powered platform and expand into new industries and regions.

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