Sunnyvale, California-based positioning technology specialist Trimble today announced the acquisition of Yamei Electronics Technology, Co. Ltd, a Chinese wholly foreign owned entity (WFOE) of Digisec Group of the Caymans.
Financial terms have not been disclosed.
Yamei manufactures automotive electronics products used for anti-theft GPS monitoring and tracking, RFID-based smart key and start and on-board diagnostics systems for customers such as SGM China, Geely, KYB (Japan), Shanghai 1Hai Car Rental Company, Toyota Logistics, and Gaungzhou Hino Motors among others.
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.
Yamei Electronics Technology Company is based in Beijing, China and was founded in Changchun, China in August 2001. Its products include the ALL-WAY brand of aftermarket vehicle wireless entry and tracking products, and for on-board diagnostics, the Eco-Way navigation and telematics device which features Eco:Drive and Eco:Route applications that monitor driver behavior and vehicle performance, and provide wireless Internet access.
"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."
"The Yamei acquisition broadens our portfolio of telematics solutions that can be leveraged across Trimble and underscores our continued commitment to the Chinese market," said Bryn Fosburgh, Trimble vice president. "We look forward to building on the solid foundation that Digisec and Yamei have created as we expand Trimble's presence in China and throughout the Asia Pacific region."
