China Development Bank's private equity arm, China Development Bank Capital Corporation Ltd. (CDB Capital), and Singapore-based Global Logistic Properties Ltd. (GLP) have completed a US$45 million strategic investment in Beijing-based logistics big data company G7.
At the same time, G7 formed strategic partnerships with Indiana-based diesel and natural gas engines company Cummins Inc. and Brussels-based commercial vehicles safety technology company Wabco to collaborate on engine data and truck data information sharing.
Founded in 2010, G7 operates similarly to global peers such as Navman wireless, Mix, Omnitracs, Telogis and Fleetmatics, providing real time tracking, analysis and management of trucking fleets.
Its product "G7 Smart Box" can provide logistics companies real-time data on their truck fleets, including location, speed, ...
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