CalAmp has acquired telematics companies in Mexico and the United Kingdom that utilize LoJack technology to provide connected vehicle and asset tracking services across their respective regions.
CalAmp acquired Car Track, S.A. DE C.V., the exclusive licensee of LoJack technology for the Mexican market, as well as Tracker, a LoJack licensee and market leader in stolen vehicle recovery and telematics services across the United Kingdom.
Car Track will now leverage CalAmp’s telematics and software-as-a-service solutions to expand product offerings to its substantial subscriber base as well as serve auto dealers and OEMs, insurance providers and leasing companies throughout Mexico, according to the company.
Meanwhile, Tracker will be strategically aligned with LoJack Italia and help drive CalAmp’s European expansion by leveraging the company’s portfolio of telematics devices, cloud and software services to develop advanced connected car solutions targeting auto dealers, OEMs, insurance providers and other enterprise customers.
It's acquisition of the companies helps expands its reach in both regions.