25.03.2018

Trackunit acquires Satrak

Danish telematics company Trackunit has acquired the UK based telematics provider Satrak.

Headquartered in Leeds, Satrak has a population of 23,000 vehicles fitted with its tracking and telematics system throughout the country. The company will continue to operate from its Leeds base, and will gradually transition its operations to the Trackunit brand. No details of the transaction have been released.

The acquisition takes Trackunit's installed base of telematics units is now over 300,000 vehicles worldwide. Trackunit recently signed a partnership agreement with Skyjack to power its Elevate telematics and remote monitoring system - see Skyjack partners with Trackunit.
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Joergen Raguse of Trackunit (L) with Satrak owner Dan Walton

Trackunit chief executive Jørgen Raguse said: “With the acquisition of Satrak, we are further strengthening our position in the European market for telematics solutions through mergers and acquisitions to complement our strong organic growth. Satrak has an impressive customer base and has brought together a skilled and dedicated employee group. Their strong market position in the UK with significant telematics knowhow supplements our business very well. The combination of Trackunit and Satrak will strengthen our joint customer offering in the future.”

Satrak owner Dan Walton added: “I am proud of what Satrak has developed into when it comes to a dedicated and talented staff, product offerings and valuable customer relationships. I think this is a good time for us to take a leap into the future by being part of a larger international organization. I am confident that for Satrak this is the right move at the right time.”