We are delighted to announce that Roadsense Technology Limited was acquired by Trakm8 Holdings PLC on 1st August 2016.
Since its incorporation, just three and a half years ago, Roadsense has grown into an established supplier of fleet telematics and safety products to customers across the UK, providing solutions to fleets with just one vehicle to those with over 1,500.
Trakm8 Holdings PLC, an AIM-listed company, is one of the largest and fastest growing telematics manufacturers and system providers in the UK with over 150,000 subscribers. It recently announced a record trading year with £3m profit on revenues of just over £25m and supplies systems to some of the country’s largest fleets including the AA, Saint-Gobain and Yodel and to leading insurance companies around the world including Direct Line and Allianz.
Trakm8 recognised the extensive experience of the Roadsense team in the SME sector and has acquired the business and its personnel in order to consolidate and grow its share of the SME market.
The acquisition will allow Roadsense to provide an even wider range of telematic and camera systems to our customers and more importantly, it will provide financial stability and the support of a large talented team to ensure that we can continue to provide quality products and outstanding customer service to all of our current and future customers.