Novacom Europe, a JV of GE TIP Trailer Services, has been awarded the prestigious Frost & Sullivan 2011 European Market Share Leadership Award for Trailer Telematics

LONDON, April 25, 2012 /PRNewswire/ -- TIP Trailer Services, a subsidiary of General Electric (GE), is proud to announce that its Joint Venture, Novacom Europe, has been awarded the Frost & Sullivan 2011 European Market Share Leadership Award for Trailer Telematics.

TIP, the market leader in transport equipment leasing, rental and smart services, with more than 50 000 units on the roads, aims to offer the most complete and sophisticated range of services in the industry.

To support this TIP has integrated the Novacom Europe Vwise telematics solutions into its contract maintenance services – FleetCare - covering maintenance and tires, as well as its trailer rental service.

"Quote Bob Fast: …on the strategic importance for TIP…."
Bob Fast, CEO of TIP Trailer Services, describes, "The choice to form a Joint Venture partnership with Novacom Europe is of strategic importance to our business as provision of telematics solutions  to our customers will strengthen our overall services offering.  The recent award that Novacom Europe has received clearly supports our choice."

"Quote Walter Verhelst: …on the unique combination of the JV vehicle and telematics expertise …."  
Walter Verhelst, MD Novacom Europe, comments, "Vwise by Novacom Europe is based on providing connectivity to the vehicle intelligence and enabling the customer to extract data that drives productivity, efficiency and safety, making telematics a service enabler."

TIP offers its customers the opportunity to further enhance TIP's range of trailer services by fitting telematics to its equipment. Detailed information about trailer performance is transmitted digitally to the customer, facilitating decision-making to optimize performance via most effective use of TIP's services.

As part of its FleetCare service, TIP has integrated the Vwise vehicle diagnostics intelligence from EBS and tyre pressure monitoring. By using this intelligence, TIP provides its customers with the most efficient prognostic maintenance service in the industry.  

"Quote Hans Cleijsen …on the importance of tire pressure monitoring for DB Schenker …"

Hans Cleijsen, Transport Manager Schenker in Tilburg, says, "Logistics service provider DB Schenker Logistics stands for continuous innovation and improvement. When the Dutch Ministry of Infrastructure and the Environment in autumn 2011 organized a contest to stimulate driving with the correct tire pressure, we were immediately enthusiastic. As a pilot, four trucks and trailers of DB Schenker were equipped with the Novacom Europe telematics solution, which in addition to tire pressure, also yields other very useful data. Not only whilst driving it is possible to monitor tire pressure, but also when stopped.

Driving with the correct tire pressure has a positive effect on the environment and has significantly reduced the number of breakdowns in our fleet, resulting in reduced road congestion and CO2 emissions. This fits perfectly with DB Schenker's 'green logistics' policy, to avoid, reduce and offset environmental taxes."

"Quote Niranjan Manohar …on the Frost & Sullivan Market Share Leadership Award for Trailer Telematics"

"Novacom Europe does not merely compete with other vendors in the European trailer telematics market, instead it sets a benchmark by which the market is influenced, both in terms of technology and effectiveness," notes Frost & Sullivan Senior Research Analyst Niranjan Manohar. "This distinction has helped the company become the market share leader, serving approximately 20 - 22 percent of trailer telematics subscribers in Europe."

About GE TIP Trailer Services
GE TIP Trailer Services is the market leader in providing transportation and logistics customers with leasing, rental and value-added equipment services, keeping customer freight on the move all over Europe.  These value-added services range from maintenance, breakdown assistance and damage protection to sophisticated asset tracking solutions provided by TIP's Joint Venture partner Novacom Europe.  TIP was established in 1966 and since, has progressively increased its size, market share, customer base and services offerings.  With 45 years of experience, TIP is one of the most trusted and respected names in the industry.  To find out more about the tailor-made services that TIP has to offer visit: www.tip.ge.com/fleetcare.

About Novacom Europe
Novacom Europe is a joint venture formed by combining the expertise of Novacom Services and GE Equipment Services in 2010. GE Equipment Services provides transportation and logistics customers with leasing, rental, and maintenance of trailers all over Europe. Novacom Services S.A. has been a key partner for the Vwise telematics solution since its launch and is owned by world class technology companies CLS and Telespazio. The company's ability to constantly monitor and provide protection, safety and cost reduction by increasing efficiency of remote assets has helped it to emerge as market leader in the trailer telematics space in Europe. The company's Vwise solutions provide real-time critical data which has empowered many fleets to take direct control of their operating costs.

About DB Schenker
DB Schenker stands for the transportation and logistics activities of Deutsche Bahn and has over 91,000 employees in some 130 countries. DB's Transportation and Logistics Division holds top positions worldwide in the industry. The logistics division of DB is the world's second largest transportation and logistics service provider based on sales and performance. In financial year 2010 the transportation and logistics specialists generated revenues of around 18.9 billion euros, approximately 55 percent of the DB Group's revenues. Through its Transportation and Logistics Division, DB holds top positions in global air and ocean freight and has Europe's most extensive land transport network and the rail expertise of Europe's largest rail freight company. http://www.dbschenker.com.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

Contact:
GE TIP Trailer Services
Laura Elliott
Promotions Coordinator – Europe
P: +31 (0)20 504 1666
[email protected]

Contact:
Novacom Europe
Willem Duijf
Sales and Marketing Director
P: +31 (0)622 663 759
[email protected]

SOURCE Frost & Sullivan