Fleet Solutions Company Acquires European Telematics Provider
Photo courtesy of Fleet Complete.
Fleet Complete has acquired a telematics provider with prominence in the Nordic and Baltic regions, expanding the company’s presence in Europe, which currently includes the Netherlands, Belgium, Luxemburg, Austria, and Germany.
The acquisition of the telematics provider, Ecofleet, was Fleet Complete’s second acquisition in Europe, according to the company. Ecofleet offers mobile asset management solutions in Denmark, Finland, Sweden, Norway, Estonia, Latvia, and Lithuania. The company has over 80,000 subscribers across small-to-medium businesses and large enterprise fleets, growing Fleet Complete’s subscriber base to over 110,000 in Europe and over 400,000 globally.
Ecofleet’s founders and leadership team will continue driving business in the region, aligning local market expertise with Fleet Complete’s global objectives, the company announced in a release.
“Leveraging Ecofleet’s immense success and combining it with Fleet Complete’s expansive IoT infrastructure and mobile carrier partnerships, we will be able to establish a powerful global IoT platform that will help more fleet-owning businesses around the world thrive,” said Tony Lourakis, CEO of Fleet Complete.
The acquisition is consistent with Fleet Complete’s global expansion strategy; company is focused on penetrating the European long-haul sector. Fleet Complete is also intent on developing strong relationships with commercial vehicle original equipment manufacturers in Western Europe.