UPS sells Baltimore technology division to private equity firm
UPS Logistics Technologies, a 145-person division of Sandy Springs-based UPS, is being sold to a private equity firm.
The Baltimore-based division creates high-tech transportation routing and fleet management systems and sells software that manages more than 200,000 vehicles, such as food and beverage delivery trucks. It is used to plan routes and conserve fuel and help manage drivers.
The buyer is the Chicago- and San Francisco-based private equity firm Thoma Bravo. Terms of the deal were not disclosed, but UPS spokeswoman Susan Rosenberg said the sale was not financially material for UPS.
UPS, which sold UPS Aviation Technologies to Garmin in 2003, is focused on technology tied to its own systems, Rosenberg said. The Logistics Technologies software is not used on any UPS vehicles.
The division was acquired by UPS in 1986, when it was known as Roadnet Systems Corp. It will be called Roadnet Technologies after the sale, which is expected to close Dec. 31.
In a statement, Thoma Bravo vice president Jeffrey Del Papa said the firm intends to accelerate Roadnet's growth.
Rosenberg said the division has no employees in metro Atlanta.
About the Author
Arielle Kass covers Gwinnett County for The Atlanta Journal-Constitution. She started at the paper in 2010, and has covered business and local government beats around metro Atlanta. Arielle is a graduate of Emory University.
