Transtex LLC and Transtex Composite Inc., a leader in the development and manufacturing of aerodynamic solutions for commercial vehicles in transportation, announced the acquisition of RM2J Inc., a developer of fleet
safety technology that enhances both fuel economy and vehicle safety.
Completed on July 14, 2017, the transaction represents an important strategic opportunity for Transtex as it progresses toward its goal of
providing customers with emerging technologies that maximize fuel savings and proactively reduce speeds for improved security, according to the company.
"Technological advances have made a tremendous difference in our industry in recent years," said Mathieu Boivin, CEO of Transtex, "and
innovation has always been a pillar of our growth strategy. We were amongst the first
to have skirts patented ten years ago. More recently, we
have been exploring opportunities in the technology sector — namely the IoT [Internet of Things] — that will drive market growth and allow us to
continue evolving within this industry. So we were happy to and
RM2J and their E-SMARTDRIVER solution."
E-SMARTDRIVER and its suite of related products join the Transtex product line as a fleet
management solution bridging the gap between
tomorrow's autonomous truck and today's equipment. Using E-SMARTDRIVER's intelligent platform, fleets
can improve safety, security,
compliance, and fuel efficiency
through proactive and real-time driver management. Using GPS technology, the E-SMARTDRIVER system
accurately determines a driver's location in real time and caps the maximum speed that the vehicle can attain in a posted speed zone.
"We are very pleased and proud to be joining Transtex," said Jean Poulin, President at RM2J. "We have always admired their market leadership,
pioneering spirit, and integrity in the aerodynamic sector of the transportation industry. Their product mix and business model is a perfect
strategic complement to the E-SMARTDRIVER system. Together, we'll accelerate growth and continue to serve our customers."
Spearheading the exploration of emerging technologies and the acquisition was George Bassily, Vice President of Engineering and Marketing at
Transtex.
"Our customers are under constant pressure from market forces to deliver more with less, intelligently," said Bassily. "That's why Transtex
invests consistently in R&D. Fleet management technology can make a huge contribution to fleet efficiency
and safety. That overriding idea led
us to this acquisition."
