Telematics Provider Fleetwatcher Acquired by Align Technologies

Align Technologies announced today that it has acquired FleetWatcher, an up-and-coming provider of telematics in the construction industry.

According to the company:

Align Technologies, a provider of construction operations solutions connecting the field, warehouse, and back office, today announced the acquisition of FleetWatcher, a fleet and materials management software provider that serves the heavy civil construction space. The acquisition extends Align’s product offerings and will allow customers to leverage a single platform to track tools, small equipment, fleet, and materials; oversee safety and compliance; and manage employee time, attendance, scheduling, and payroll.

“Align is dedicated to offering best-in-class solutions that increase visibility, drive efficiency, and enable real-time decision-making across the full spectrum of construction operations,” stated Jay Martin, Align CEO.

FleetWatcher, headquartered in Indianapolis, has provided fleet and materials management solutions to heavy civil contractors for more than two decades. The company’s solution drives performance and efficiency gains by collecting and analyzing high-integrity data from equipment and the field. Created for the unique and complex workflows of on-road asphalt paving, FleetWatcher’s flagship Materials Management Solution offers functionality that allows paving companies to optimize cycle times, reduce trucking costs, and increase productivity. Its Construction Management Solution lowers operational costs and increases the asset utilization of heavy civil contractors engaged in on-road and off-road construction projects such as earthwork and site development.

“Since its founding in 1999, FleetWatcher has focused exclusively on providing cutting-edge technological solutions to the heavy civil construction market,” said Larry Baker, FleetWatcher founder, president, and CEO. “Together, FleetWatcher and Align will offer a compelling value proposition to heavy equipment contractors by allowing them to track equipment ranging from hand tools to excavators, oversee their EHS efforts, and manage employee time and attendance from one comprehensive platform.”

Align and FleetWatcher have complementary customer profiles and share a similar mission of creating safer and more productive jobsites by leveraging technology to optimize construction operations. The combined entity is well-positioned to drive innovation and deliver an enhanced customer experience through the exchange of intellectual property. Core FleetWatcher wireless tracking capabilities will be integrated into the Align platform, while safety and small tool asset management functionality from Align will be added to FleetWatcher’s product offering.

Align and FleetWatcher customers will continue to receive high levels of uninterrupted support. As part of the transition, FleetWatcher employees will join Align Technologies, with Jay Martin serving as CEO of the combined company. The FleetWatcher brand and product will remain in the market as part of the Align suite of products. In addition, Larry Baker will join the board of Directors of Align Technologies.

The Riverside Company, a global growth-oriented private equity firm, is the majority investor in Align Technologies and provided additional capital to fund this strategic combination.