UPS offloads hi-tech division

UPS Logistics Technologies, a 145-person division of Sandy Springs-based UPS, is being sold to a private equity firm, reported The Atlanta Journal.

The Baltimore-based division creates hi-tech transportation routing and fleet management systems and sells software that manages more than 200,000 vehicles, such as food and beverage delivery trucks. It is used to plan routes and conserve fuel and help manage drivers.

The buyer is the Chicago and San Francisco-based private equity firm Thoma Bravo. Terms of the deal were not disclosed, but UPS spokeswoman Susan Rosenberg said the sale was not financially material for UPS.

UPS, which sold UPS Aviation Technologies to Garmin in 2003, is focused on technology tied to its own systems, Rosenberg said. The Logistics Technologies software is not used on any UPS vehicles.

The division was acquired by UPS in 1986, when it was known as Roadnet Systems Corp. It will be called Roadnet Technologies after the sale, which is expected to close December 31.
(Source:www.cargonewsasia.com)