TRACKER Acquired By Lysanda To Establish Tantalum Corporation
Stolen Vehicle Recovery (SVR) and fleet telematics expert, TRACKER, confirms that it has been acquired by Lysanda from the Direct Line Group. Lysanda is a leading telematics technology provider for fleet, insurance and OEM markets. The acquisition, which brings together these two complementary businesses, will enable TRACKER to grow its SVR services whilst substantially expanding its fleet and insurance technology offering, supported by an ambitious owner with a common vision.
TRACKER has installed over 1 million of its award winning SVR and fleet telematics units during its 20 successful years in business. Under new ownership its achievements are set to continue as it expands its offering. Lysanda is an automotive specialist in Duty of Care, driver behaviour and fuel management solutions based on a blend of GPS and data from the vehicle’s OBD port.
This acquisition provides an ideal platform for TRACKER’s own plans to expand its services in Europe. Lysanda targets major global accounts, with most of its revenue coming from outside the UK.
The combined companies intend to establish Tantalum Corporation Ltd. Over the coming months, TRACKER and Lysanda will be developing joint plans and looking at the combined target operating model, supported by Disruptive Capital Finance LLP.
Stephen Doran, Managing Director for TRACKER, comments:
“In 2013 we outperformed our growth targets in all of our markets, despite the fairly intense process of managing the sale of the business so we are understandably looking forward to focusing on the opportunities presented by combining the technologies and business operations of both companies which can only serve to accelerate our development.”
“The acquisition of TRACKER by Lysanda very importantly allows us to become an independent service to the insurance market. It also provides the investment capital we need to take our business forward and achieve new levels of success, bringing our customers a growing range of services to meet their ever changing needs.”
Cédriane de Boucaud, CEO of Lysanda, comments:
“TRACKER has tremendous depth and experience in managing a very large, real-time customer base and has a highly complementary product range that Lysanda can leverage, combining VHF and GPS-based technologies. Our customers want both in-production and after-market solutions and TRACKER is very experienced in delivering to both the business and consumer market places”.