Malcolm Strang
Opus Corporate Finance
Tracker Network (UK) Ltd
Deal Type
Company sale
Sector
Technology
Completion Date
6th March 2019
Deal Value
£10m
Company Background
Tracker is a market leading telematics technology business with Internet of Things (IoT) capability, focused primarily on Stolen Vehicle Recovery, Fleet Tracking, and Insurance Telematics. Tracker has over 100k customers, over 1m installed tracking units across the UK and a wholly owned network with spare capacity for further IoT solutions.
Deal Summary
Opus Corporate Finance LLP (“Opus”) has advised Tantalum Corporation, a Disruptive Capital portfolio company, on the sale of Tracker (UK) Ltd (“Tracker”) to CalAmp.
Post integration, Tracker will become part of a vertically integrated portfolio of telematics devices with cloud and software services aimed at connected car solutions for auto dealers, OEMs, insurance providers and other enterprise customers.
