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Buyer for telematics software company in Europe
Telematics software company in Europe to buy
- Revenue: 3-30M EUR
- Employees: not decisive
- Location of the target: Europe
- Reason for acquisition: The company is a worldwide player in telematics solutions. It has a strategy for growing its operations in Europe via acquisitions, therefore the management is open to speaking to interested sellers
- #CFIE ITB209
Overview of the Buyer for telematics software company in Europe
The buyer is a large technology organization active in designing and developing enterprise management software & hardware and in providing telematics services. The solutions for both private and public sector entities are used in order to manage and streamline business operations. The basic activity of the buyer is related to geolocation, telematics and fleet management and the solutions developed by the team are used for optimizing transport operations, logistics and supply businesses as well as for organizing mobile workforce. The solutions delivered improve efficiency and increase safety and security on the route or in the working centers. The buyer has a long history in doing acquisitions all over the world, it uses M&A activities as a way of growing its global operations. The buyer is looking for companies all across Europe, the targets are profitable companies with specialized services and robust solutions. The revenue target is between 3-30M Euro and the portfolio of clients of the desired target is stable. The buyer's funds used for acquisition deals come from own resources, once the target is set the acquisition process is in straight line. As synergies to bring to target can be mentioned the large worldwide portfolio of clients and the broad and deep knowledge in telematics industry. The buyer wants to acquire companies and make them part of a global leading organization that determines the industry trends.
Profile (strategy) of the Buyer for telematics software company in Europe
The major activity for this business is to integrate telematics with software solutions while connecting 3 elements: extracting data from various sources, adding intelligence technology and obtaining valuable information. Data is collected from sources such as vehicles, trailers, sensors. This data regards drivers’ behaviour, goods transported and locations in which the vehicle passes. Once collected, data is processed with the help of the technology and intelligence know-how applied in order to obtain meaningful information that will help in managing business operations. The team developed on different platform a fleet management solution that connects data while the vehicle is moving and integrates the information and makes it available to business managers. The solution will help in the following activities: cargo monitoring, vehicle tracking, enterprise management, temperature monitoring, ensuring safety and security, equipment maintenance, transportation planning and emergency responding. Companies that use these kinds of solutions come from industries such as retail & food, transport & logistics, oil & gas, airlines & airports, government & utilities.
The fleet management system provided by the company is a combination of a telecommunication and informatics system, the information gathered being stored on a server. The telematics system solutions can be downloaded as an app and can run on a smartphone or a tablet. The information stored in the server can also be accessed via a SaaS platform or API. Because the company has many data integration partners, the data can be connected from 3rd party devices from inside or outside of the vehicle and is put together. As a result, the information obtained provides valuable advantages such as monitoring fuel consumption and tyre pressure, presenting trip history, scanning documents in-cab, monitoring and coaching driver’s behaviour, presenting vehicle faults in real-time.
Activities and products of the Telematics software target company
The buyer is looking to acquire a company that is active in the IT industry and is specialized in telematics software, vehicle telematics and fleet management solutions.
Highlights of the Buyer for telematics software company in Europe
- The buyer is a global provider of telematics software solutions
- The solutions connect data from various sources and provides information for a productive fleet management
- The company has decided to enlarge its activities in Europe and is looking to buy another similar company
- Target companies should be specialized in providing telematics software, vehicle telematics and fleet management solutions
Information of this Buyer for telematics software company in Europe
Feel free to contact us for more information regarding this Software company in Europe wanted or if you know possible interested or suited parties. For more buyers in the IT sector please visit the section ITS companies wanted.
For companies for sale in the ITS or software industry please feel free to visit the section ITS companies for sale.
Note: CFIE only works with formal companies. We do get a lot of requests and it is difficult to follow up on all inquiries from visitors to our website. For each company, we assess the likelihood of a future transaction. We only get back to you if we see a realistic opportunity to do a future acquisition or business sale. In order to increase your chances of receiving a reply as an individual, please explain as much as possible about your personal background, strategy and fit with the target. There is also a possibility that your details will be kept on file and we will get back to you once there is an opportunity to do a transaction. CFIE can’t guarantee you will receive an answer to your request.