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Ingersoll-Rand plc (NYSE: IR), Swords, Ireland, has agreed to acquire GPSi Holdings, LLC from Falconhead Capital, LLC. Terms of the transaction were not disclosed.
GPSi is a technology provider of cloud-based technology solutions for fleet managers in various transportation markets including education, golf and resorts. Its custom software solutions are designed to increase productivity and maximize revenue opportunities for fleet owners. It is headquartered in Sarasota, FL, with offices in Austin, TX, and East Sussex, England.
The acquisition strengthens Ingersoll Rand’s telematics portfolio, a component of its connected technologies strategy.