Wabash Powers Up Trailer Security with TrailerHawk.ai Acquisition
Deal News | Feb 13, 2025 | Globenewswire
Wabash, a leading provider of advanced solutions for optimizing end-to-end supply chains across transportation, logistics and infrastructure markets, has announced the strategic acquisition of TrailerHawk.ai, a company specializing in advanced cargo security and smart access management technologies. This acquisition enhances Wabash's Trailers as a Service (TaaS) offering, empowering logistics providers with superior freight security, real-time visibility, and operational efficiency through data-driven insights. By integrating TrailerHawk.ai's technology, Wabash aims to provide logistics partners with enhanced security, verified asset chain of custody, and operational flexibility. Brett Suma, the founder and CEO of TrailerHawk.ai, will join Wabash to lead the development of these solutions. This move underlines Wabash's commitment to merging physical and digital technologies, driving connected supply chain ecosystems. The acquisition paves the way for smarter, more secure logistics operations throughout North America.
Sectors
- Transportation and Logistics
- Technology
- Supply Chain Management
Geography
- United States – Wabash is headquartered in Lafayette, Indiana, and the acquisition impacts operations primarily across North America.
Industry
- Transportation and Logistics – The integration of advanced cargo security and smart access management into trailers demonstrates a significant enhancement in logistics solutions.
- Technology – The acquisition involves the inclusion of advanced digital technology and data-driven insights into logistic operations.
- Supply Chain Management – The article highlights innovations aimed at improving supply chain efficiency and reliability across North America.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Wabash | Buyer | Company | Wabash is a premier provider of diverse solutions optimizing end-to-end supply chains, headquartered in Lafayette, Indiana. |
| TrailerHawk.ai | Target | Company | Provider of advanced cargo security and smart access management technologies. |
| Mike Pettit | Chief Growth Officer | Person | Executive at Wabash, overseeing the strategic growth involving the acquisition. |
| Brett Suma | CEO and Founder of TrailerHawk.ai | Person | Joins Wabash to lead development and scaling of TaaS and TrailerHawk.ai solutions. |