Ingersoll-Rand buys cloud firm GPSi

IRELAND: Ingersoll-Rand, owners of transport refrigeration firm Thermo King, is to acquire cloud-based technology company GPSi.

GPSi was founded in 2009 and provides cloud-based technology solutions for fleet managers in various transportation markets. It is headquartered in Sarasota, Florida and has offices in Austin, Texas and East Sussex, England.

The GPSi transaction follows Ingersoll Rand’s 2015 acquisition of Celtrak, the leading telematics provider for transport refrigeration.