Trucking enterprise management software provider TMW Systems today announced that it has acquired trucking software provider Maddocks Systems. Terms of the acquisition were not disclosed.
The combined companies will further establish TMW Systems as North America’s largest provider of enterprise management software to the trucking industry with more than 1,000 customers managing 175,000 trucks worldwide and total revenues of over $40 million, TMW said.
“This is our first acquisition since TMW was purchased by Wachovia Capital Partners and Peppertree Capital Management in 2005 and fits very well with our global strategy of expanding our business through continued organic growth as well as investing in superior businesses with complementary technology and robust business solutions,” said David W. Wrangler, president & CEO of TMW Systems.
Wrangler will lead the combined companies. Randall Burrell, Maddocks Systems COO, has been appointed as gm—TMW Canada and Bob Maddocks, president & CEO of Maddocks Systems has been named senior vp of business development.
All Maddocks Systems management and staff have become TMW employees. The combined companies will have improved geographic coverage including sales, service and support, TMW said.