LoJack Corp., a provider of vehicle theft recovery and advanced fleet management solutions, announced a strategic alliance with leading international telematics provider Trackunit A/S, an agreement that enables both companies to strengthen their positions as leading providers of commercial equipment telematics solutions.
LoJack is launching LoJack Connect for Equipment, leveraging its longtime market presence in the commercial equipment industry. The companies will introduce new commercial equipment tracking products in both the United States and Canada.
LoJack said more than a million pieces of equipment are in use in the construction industry across the United States. LoJack and TrackUnit will work in partnership to deliver products and services to enhance the management, serviceability and efficiency of off-road equipment.
“This alliance will instantly bring to market new telematics and off-road fleet management solutions for the construction industry in the United States,” said Svend Hansen, Trackunit CEO.
LoJack Corp. CEO Randy Ortiz said its collaboration with TrackUnit will “strengthen LoJack’s existing alliance for on-road fleet management with off-road technology solutions and will provide significant business growth opportunities for both companies. With the introduction of a full suite of telematics solutions for the construction equipment industry, we look forward to a successful alliance with Trackunit that leverages our longstanding relationships with key clients in this segment.”
Ortiz said the alliance will enable LoJack to enhance its LoJack Stolen Equipment Recovery solution.