Fleet News

Cybit expands into Europe

TELEMATICS and fleet management company Cybit has expanded into Europe with the acquisition of Drive-IT Systems.

Drive-IT Systems is popular across Sweden, Norway, Germany and the UK and provides customers with car sharing, vehicle utility management and remote vehicle diagnostics.

Customers include car pool organisations, corporate car pools, local authorities and transportation companies. Its in-vehicle software solution features an internet-based booking and administration system that allows end-users to book via the web or directly from the car.

Those using the service include an electric vehicle car pool in Drammen, Norway, local authority car pools in Sweden and Norway's largest joint car sharing organisation, the Oslo Bilkollektiv.

In Sweden, the company says, town councils already own some 3,000 cars, while larger commercial organisations are starting to recognise the benefits of car pooling as an alternative to company cars.

Cybit's chief executive officer Richard Horsman said: 'It is clear that with forthcoming initiatives such as the London congestion charge starting in February, both central and local government organisations across Europe are now having to deal with the practical implications of vehicle congestion in their cities.'

'At present, some 10,000 vehicles are affiliated to private car pools in Europe, and Drive-IT research suggests that this is set to grow to some 2.8 million vehicles across Europe by 2009. Clearly this will have a significant impact with both environmental benefits and major cost reductions.'

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee