Package delivery company UPS has sold its UPS Logistics Technologies unit to Thoma Bravo LLC, a private equity investment firm. Financial details were not disclosed.
UPS Logistics Technologies, headquartered in Baltimore, Md., employs about 145 people to create high-tech transportation routing and fleet management systems. More than 200,000 vehicles are managed through 3,300 installations worldwide representing a variety of industries. Specific transportation management applications provide street-level route plans, real-time wireless dispatch and GPS and strategic territory planning.
Len Kennedy, vice president and COO of the unit, will become the chief executive officer after the acquisition, which is expected to close by Dec. 31. When the acquisition is complete, UPS Logistics Technologies will transition its name to Roadnet Technologies Inc. The Roadnet brand, which already identifies the company’s main products, is familiar to customers, value-added resellers and vendors.
The decision to sell is based on UPS’s desire to focus on the development of technology directly tied to its own global package and freight networks and contract logistics services, explains Dave Barnes, UPS’s chief information officer.
The company was founded in 1983 as Roadnet Systems Corp. and was acquired by UPS in May 1986. The sale to Thoma Bravo will not affect the suite of transportation and logistics solutions offered by UPS, including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to manage customer supply chains.
