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GE buys Terion

Published Thursday, February 01, 2007

Terion Inc., one of the first companies to market an untethered trailer tracking system, has been acquired by GE's Equipment Services, the world's largest trailer leasing and financing provider. The company will be integrated with the Equipment Services' Asset Intelligence division, which had developed its own trailer tracking system in recent years. The combined operations will have over 100,000 trailer tracking units operating in North America and Europe, according to GE's press release announcing the acquisition. Some industry observers put the number of units owned by both much higher. Prior to the sale, “there were four [providers] neck ...

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