Connexas Group has announced the acquisition of Seven Telematics. Connexas is a provider of technology-enabled, fleet management and related mobile worker solutions while Seven Telematics is known for , Cold chain technology business.
Seven Telematics’ is known for its temperature recorder, Transcan Advance, has established itself as a technology leader in the cold chain market. The acquisition will enable customers from across the Connexas Group to benefit from new levels of product functionality and complementary service offerings.
The acquisition for the companies will increases technology and connection base, it also offers significant growth potential, builds on European footprint. Apart from this it helps the Group increase revenues to over £20m, with the business now servicing in excess of 700 customers and achieving a milestone of 100,000 billable connections in the UK and overseas.
Source: Press Release