Lysanda acquires TRACKER
Lysanda has acquired TRACKER Network, a wholly owned subsidiary of Direct Line Group. The combined companies intend to establish Tantalum Corporation, with approximately £20 million in revenues and some 500,000 telematics installations throughout Europe, and will combine Lysanda’s B2B customer base alongside TRACKER’s long-standing B2C sales reach.
Commenting on the acquisition, Cédriane de Boucaud, CEO of Tantalum said: “Lysanda has been at the forefront of developing highly strategic and innovative solutions for fleet operators, OEMs, and their Tier 1 suppliers.
“The technology has very broad applicability and we believe it is poised for rapid growth. By acquiring TRACKER, we have immediate scale and extended infrastructure that gives our fleet operators, OEM customers and other prospects confidence that we can deliver both volume and support to major vehicle roll-out projects”.
