Continental is acquiring a majority stake in the smart fleet management technology provider Zonar. The contract, signed on September 23rd, has obtained the required vote of the shareholders, but remains subject to final approval of the U.S. Federal Trade Commission and U.S. Department of Justice. Daimler Trucks North America LLC confirms its continuous commitment to the company and is retaining its minority stake.
Zonar, the Seattle-based technology solution provider, employs a staff of over 300 and offers a range of fleet management offerings to public and private commercial vehicle fleets in North America. With the investment in Zonar by Continental, the two enterprises will combine their complementary strengths to become a major supplier in the sector and further expand both companies’ portfolios to offer additional smart fleet solutions to the market.
Established in 2001, Zonar pioneered smart fleet telematics with patented and award-winning operations technology across all commercial transportation markets: commercial trucking, vocational and passenger fleets. The complete suite of solutions drives safety, efficiency and fuel savings — from drivers to dispatch to administrative operations. Notable patents include the only Electronic Verified Inspection Reporting system available today, which ensures pre- and post-trip inspection compliance. The company’s tablet technology is AOBRD self-certified and ELD-ready. Zonar is also the exclusive OEM partner for Daimler Trucks North America’s Virtual Technician solution installed on more than 200,000 Daimler trucks.
“Through the integration of new smart technology solutions, we can enhance our existing fleet management services. In addition, with regard to remote diagnostics for commercial vehicles, we can broaden our existing Continental diagnostics capabilities through new backend services,” added Dr. Michael Ruf, Head of the Commercial Vehicle & Aftermarket Business Unit at Continental, where the acquisition will be integrated.
When the process is complete, Continental will further expand its already existing product, solution and service portfolio in the area of mobility services for fleet management of commercial vehicles and aftermarket.