Fleet News

BoS takes stake in Quartix

Bank of Scotland has announced a substantial investment in Quartix, a supplier of vehicle tracking systems.

The package totals over £12m and will see Bank of Scotland take a 20% equity stake in Quartix.

The remaining 80% will be held by the management team, which will continue to hold complete operational and strategic control of Quartix.

Quartix is one of the fastest-growing real-time vehicle tracking companies in the UK. Based in Newtown, Wales, with an office in Cambridge, it was established in 2001.

Through its partnership with Orange, Quartix provides companies in a variety of sectors the ability to track the movement of their vehicles through Quartix's website from any PC, without the need to install software.

Andy Walters, Managing Director of Quartix Ltd., said: "We're delighted to have formed this partnership with Bank of Scotland Corporate, and are confident about the prospects for future growth.

"We'll be aiming to deliver an even better service to our clients in order to consolidate our position as the supplier of choice to many companies using vehicle tracking."
 

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