Cybit has expanded its
telematics business with the acquisition ofThales Telematics from
Thales Group.
The acquisition, for an undisclosed amount, will consolidate
Cybit's position as a leader in the European telematics sector.
Following the acquisition, Cybit will have a customer base of
approximately 1,500, representing in excess of 35,000 installed
units.
Thales offers end-to-end vehicle telematics systems that cover
key areas such as temperature monitoring, door control and vehicle
weight monitoring. Its key customers include Fowler Welch
Coolchain, Unichem and Coca Cola Enterprises.
Thales Telematics also offers high-accuracy, radio-based
tracking solutions, using its own in-house tracking devices, which
operate in the free-to-air Private Mobile Radio (PMR) frequency
range.
Specific applications include advanced communications, precise
positioning and telemetry. Key customers include Western-Geco,
Agrocom and Lafarge.
This extended capability, said Cybit, will provide it with an
ideal platform to extend its reach into specialist asset management
markets such as security, mining, oil and gas exploration and
inshore maritime applications.
The PMR business has significant synergies with BlueFinger,
which was acquired by Cybit in June 2006.
The £1.6m acquisition of Bluefinger added 3,700 vehicles and
ships to the group's roster. Bluefinger counts the Ghanaian
Government and Thales UK among its customers.
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