By combining Keytroller’s mid-range and economy products with PowerFleet, I.D. Systems becomes a single source of fleet management technology for industrial truck owners and operators.
I.D. Systems, Inc., Woodcliff Lake, N.J., entered into a definitive agreement to acquire substantially all of the assets of Keytroller, LLC, a Tampa, Fla.-based manufacturer and marketer of a wide range of electronic products for managing forklifts, construction vehicles and other industrial equipment, for $9 million.
Beginning in the third quarter of 2017, Keytroller’s results will be included as part of I.D. Systems’ industrial truck management product line.