Automotive telematics company in Spain for sale

• Revenue: > 2M EUR
• Employees: > 22
• Location of the Automotive telematics company: Spain
• Reason for sale: The owners want to grow the company in Spain, therefore are looking to talk to interested investors
• #CFIE ITS431

This Automotive telematics company for sale is located in Spain and the owners present it as an opportunity for interested buyers. The company registers a revenue of more than 2M Euro, but the rhythm of growing is very fast. Therefore, the management thinks that a buyer with a large network of clients and suited portfolio of products could enable the company to achieve sooner its full potential. Interested buyers could diversify their portfolio and could integrate in their offer the company’s telematics solutions. The company is not actively for sale, but open to speak to a strategic buyer that invest in the company for further European growth. The enterprise is part of a group, but the product that has been developed is not really related to the mother company, therefore there is place for selling the company and the product to a suited buyer. The company for sale has international positioning, it is a trusted partner for companies from UK, Germany, Italy and France.

The company for sale is part of a group that is activating in Machine to Machine (M2M) industry. The group is offering complex solutions that contain all the elements of an M2M project: designing connected geo-tracking devices, ensuring M2M subscriptions, monitoring and maintaining the deployed fleet and supporting all the activities related to the project. The company for sale is quite a young company, has a little more than 6 years of presence on the market, but it knew a very rapid growth. It is specialised in distributing embedded telematics solutions applied to corporate vehicle fleets and the team, formed from around 20 employees, can help Fleet Managers with any issues that might be encountered with the fleet. Various brands such as Citroën, DS, Peugeot decided to equip their vehicles with this solution that enables fleet managers to monitor and take fast decisions that will reduce the costs of fleet vehicles.

The telematics solution is based on a SaaS web model and for the convenience of the user it can be accessed from any device that is connected to the Internet (computer, tablet, smartphone). Depending on the device, here are the different possibilities the use is able to access: the online version (compatible with any web browser), web mobile version (compatible with any mobile web browser), iOS and Android versions. It is independent of any operating system or equipment and makes any software available. Because The SaaS solution is a web based product it does not require a software installation or to buy new and expensive equipment. Users automatically get all the latest updates. The product can be easily adapted to any type of structure requirement or customer organization. All the data is securely stored and the access is easy to monitor each user having his own personal ID and password. The product is entirely developed within the company and has high performance due to the software structure that pools the data.

The company for sale developed an automotive telematics solution that helps fleet managers in the following activities:

• Fleet Management
• Vehicle Supervision & Tracking
• Vehicle Maintenance
• Reporting
• Alerting
• Decision Supporting
• Data Consolidation
• Eco-Driving Assessment

• The company for sale is active in providing automotive telematics solutions
• The solutions developed help fleet owners to manage the fleet and track the vehicles
• The solutions lower the cost of use of vehicles
• The owners are looking to talk with strategic buyers that are interested to grow the business in Spain