Continental divests Zonar fleet management business
Zonar has pioneered smart mobility solutions throughout vocational, pupil, mass transit, and commercial trucking industries (Image: Zonar)
With a spin-off on the cards, Continental is pursuing a strategy of focusing on core strengths and streamlining business operations within its Automotive sector. As part of this focus, the company has sold its 2016-acquired fleet management business Zonar to GPS Trackit, an industry pioneer in cloud-based, IoT fleet solutions and GPS fleet tracking. Neither Continental nor GPS Trackit’s parent, Philadelphia, USA-based buyout firm Inverness Graham, have disclosed the financial terms or other details of the transaction.
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