Buyer for telematics company in Eastern Europe

• Revenue: 2-20M EUR
• Employees: not decisive
• Location of the target: Eastern Europe 
• Reason for acquisition: The company is a large group active in IoT sector. It has a strategy for growing its operations in Eastern Europe via acquisitions, therefore the management is open to speaking to interested sellers
• #CFIE ITB185

The buyer is a leading provider of Telematics solutions for fleet management, vehicle security, driver safety and car tracking. It develops and manufactures hardware and software components used in assembly of system solutions for fleet optimization, communication, control and wireless security. It is active also in developing IoT wireless data communications systems for automotive industry. The solutions and products provided are built based on the specific needs of the sector and meet the highest standards. The buyer is part of a larger group that is known for providing subscription-based wireless IoT and M2M (Machine to Machine) solutions that are used in tracking, securing and managing assets such as trucks, tractors, cargo, containers and vehicle fleets. These solutions help the organizations to monitor and analyse their fleets potential and allow them to increase efficiency, reduce costs, minimize risks and improve operational results. The buyer wants to expand its operations and is looking to acquire a company active in implementing of advanced telematics solutions for fleet management. The target is specialized in providing fleet management products that among other features allow real-time tracking and monitoring of vehicles, determine fuel consumption control and enable driver behaviour analysis. The buyer will help the company to grow internationally and will offer operational and financial support.

The buyer is a company with more than 20 years of presence on the market and is specialized in delivering and integrating cutting-edge products that are developed based in IoT and telematics technologies. These solutions sustain customers’ growth and enable them to manage their internal vehicle assets. The buyer has international exposure having regional offices in geographic areas such as US, Latin America, India, CIS and Eastern Europe. Customers served come from various sectors such as Transport & Logistics, Field Services & Maintenance, Fleet Outsourcing & Car Rental, Construction, Mining, Gas & Chemical Transport, Cargo Management & IoT, Fleet Insurance. The products have rich features and are highly customizable to respond to the particular business requirements of each industry.

The fleet management solution optimizes the driver and vehicle performance. It also increases the car and driver safety and reduces the fleet operational costs. It can be acttivated to meet the specific requirements of a large range of applications. The fleet management solutions portfolio covers all the needs related to fleet operations from track & trace, remote vehicle diagnosis, to improved driver behaviour and safety. Based on real time information received the fleet managers can react quickly to any changes or unexpected events that occur with the fleet. The solution helps drivers to improve their driving and to have more control over the vehicle. It can also improve fuel efficiency and offer important info regarding the hours of service. The asset tracking feature allows managers to follow the shipment every moment and have full control when remotely they manage the location.

The buyer is looking to acquire a telematics company that is active in areas related to: 

• Fleet Management 
• Asset Tracking 
• Dashboard & Analytics
• Vehicle Diagnostics
• Safety Driving
• Vehicle & Driver Security
• Fuel Savings & Fraud Prevention
• IoT

• The buyer provides solutions for fleet management & vehicle tracking 
• The buyer has decided to enlarge its activities in Eastern Europe and is looking to buy another company with similar activities and products
• Target companies should be active in developing telematics solutions the automotive sector 

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