Fleetmatics acquires TrackEasy, adds 15,000 vehicles
Based in Berlin, TrackEasy will add approximately 15,000 vehicles under subscription to Fleetmatics' existing installed base. Terms of the transaction, which closed on November 1, 2016, have not been disclosed.
Germany and Poland represent two strategic markets for Fleetmatics in Europe. Both are large and relatively unpenetrated markets with healthy economies poised for growth.
According to leading industry analyst firm Berg Insight, these countries combined represent close to seven million commercial vehicles. With this acquisition, Fleetmatics' footprint in Europe now includes the U.K., Ireland, France, Italy, Poland, the Netherlands, Germany and Portugal.
All TrackEasy employees have joined the Fleetmatics team and will be driving sales and support of its current TrackEasy solution in Germany and Poltrack solution in Poland.
In addition, TrackEasy will begin to offer Fleetmatics' REVEAL in early 2017.
All products provide world-class vehicle tracking and business intelligence solutions designed to help drive savings and improve productivity for virtually any mobile workforce. ■