Buyer for telematics company in Europe

• Revenue: 2-10M EUR
• Employees: not decisive
• Location of the target: Europe
• Reason for acquisition: The company is active in providing telematics solutions. It has a strategy for growing its operations in Europe via acquisitions, therefore the management is open to speaking to interested sellers
• #CFIE ITB160

The buyer company is involved in innovative telematics, Internet-of-Things, GPS tracking and industry solutions. Is a very profitable company with more than 50% of the revenue being recurring. The team has a lot of experience on the market being recognized for its ability to innovate and to create new smart solutions. The company has done multiple previous acquisitions in Europe and started a new process for acquiring another company that is active in telematics sector. The available amount for the acquisition comes from own cash flow. The target company has revenue ranging from 2-10M Euro, is active in IT and Software sectors and is specialized in Telematics, Tracking, GPS and IoT. The wanted company is preferably located in the DACH region, but can be also situated in other European regions as well. Possible synergies to bring to target: as a GPS Fleet company the buyer has the following scope of work: development, administration (tech), administration (billing) support, marketing and sales, GPS hardware, GPS Software. Any other GPS target company will have the same scope of work. The strategy is to save costs and to win more customers (subscriptions). The buyer is always searching for good opportunities, to grow bigger and to be able to take over larger companies.

The buyer is specialized in GPS tracking and telematics products. Some of its solutions are in the areas of: In-Vehicle Monitoring System (IVMS), GPS tracking for machinery, Electronic logbook for company cars, GPS tracking for agricultural machines, GPS solutions for municipal fleet, IoT. The GPS software solution for fleet management displays the current location, activate alarms and generates data reports related to construction equipment, trailers or valuable goods. The solutions developed offer improved, safer and more efficient fleet control. The electronic logbooks are automatic, the current fleet location is transmitted in real time and the alerts are triggered via SMS or call. In the case of GPS tracking solutions for municipal service, the solution helps also in documentation, planning for the winter service and vehicle information.

The GPS solution for tracking various machinery is designed for protecting the machinery and for offering better control of work-times on the production site. The In-Vehicle Monitoring System (IVMS) is made to increase the driver safety and performance by signalling harsh breaking, exceeding speed limits or driving without seatbelt. GPS tracking solution for agricultural machines is suited to protect the vehicle. The device sends alerts and notifies the owner every time there is an unexpected event that implies the vehicle (the vehicle is moved after working hours or leaves the home area). Some features of the GPS software include: an online portal for tracking fleets of any size, tracks the location via PC or smartphone, map display of past trips, engine information and detailed reports about vehicles’ efficiency.

The buyer is looking to acquire a company that operates in the same activity and has similar activities related to telematics, Internet-of-Things, GPS tracking and industry solutions.

• The buyer is a company involved in providing GPS tracking and telematics solutions
• The company is very profitable and has an efficient business model
• The company wants to expand its operations by doing acquisitions in Europe (preferably in DACH region)
• The company is looking to buy another company involved in activities related to telematics, IoT, GPS, Tracking