Tripmaster receives major investment

Aug. 1, 2004
Tripmaster Corp has announced a substantial capital investment by CDP Capital, a subsidiary of the Caisse de dt et placement du Qubec (CDPQ), the largest

Tripmaster Corp has announced a substantial capital investment by CDP Capital, a subsidiary of the Caisse de dépôt et placement du Québec (CDPQ), the largest asset management firm in Canada.

Richard M Geib, Tripmaster's chief executive officer, said, “While Tripmaster just finished its 2003 fiscal year with record results, this investment from CDPQ will help fund Tripmaster's extensive research and development efforts and will strengthen the company's position to execute its strategy for substantial future growth. Additionally, the affiliation with CDPQ will allow Tripmaster to pursue other opportunities within the CDPQ investment portfolio and elsewhere.”

Tripmaster also has reached an agreement to co-develop Tripmaster software products with another CDPQ-funded company, FleetMind Solutions of Montreal, Quebec. Fleet Mind offers onboard computing and communications systems to fleets in Canada with their FleetLink product.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Waiting for a breakdown is costing you. Learn how smart preventive maintenance plans, accurate data, and cross-team coordination can protect your bottom line and boost profits...
Is your fleet ready for California's Clean Truck Check program? Our guide helps you navigate CARB compliance, avoid costly fines, and keep your trucks rolling. Learn how telematics...
Boost truck leasing profits with telematics insights! Reduce maintenance costs, improve uptime, and strengthen customer relationships. Learn how data drives success.
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...