The Baltimore-based subsidiary employs about 145 people and creates transportation routing and fleet management systems. More than 200,000 vehicles are managed through 3,300 installations worldwide representing a variety of industries
The deal is expected to be completed by year end, and the name will be changed to Roadnet Technologies. The Roadnet brand is used for the company’s main products and is familiar to customers, resellers and vendors.
Dave Barnes, UPS's chief information officer, said the decision to sell the business was “based on UPS's desire to focus on the development of technology directly tied to our own global package and freight networks and contract logistics services.'
