Lift Truck Manufacturer Hyster-Yale Group Acquires Speedshield’s Telematics Business
Hyster-Yale Group has acquired Speedshield Technology’s telematics installation and distribution businesses in the United States and United Kingdom. The acquisition provides Hyster-Yale with exclusive distribution rights of these businesses’ products in all areas except Australia. Following the purchase, the acquired businesses will be rebranded as HYG Telematics Solutions.
Speedshield Technology, located in Melbourne, Australia, is a provider of advanced and comprehensive telematics technology for material handling equipment as well as other fleet vehicle applications. Speedshield is the sold authorized provider of telematics products to Hyster-Yale customers under the Yale Vision and Hyster Tracker telematics offering. Following the purchase Hyster-Yale plans to further develop its capabilities and enhance its efforts to service the fast-growing market for telematics solutions and fleet data analytics for material handling fleets. The application is currently offered in all new Hyster and Yale lift trucks and is able to be retrofitted into existing Hyster and Yale lift trucks, as well as lift trucks and allied equipment from other manufacturers.
Hyster-Yale has been evaluating and investing in a range of technologies in recent years to enhance the customer’s lift truck ownership experience. The company said the purchase of this business is a strategic acquisition to provide a solid platform to expand its offering of Hyster and Yale fleet management solutions.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.