DigiCore has completed the acquisition of the UK operations of one-time rival telematics company Minorplanet.
The Minorplanet business will be combined with DigiCore’s existing UK presence to form an expanded company that will be rebranded as Ctrack.
Minorplanet has been plagued with problems, which culminated in the suspension of its shares last month and the prospect of being wound up by administrators over debts to HMRC.
Digicore stepped in with what was originally a £3m loan to allow Minorplanet to create a new company. However, this deal is now the complete acquisition of the company and its amalgamation into Digicore.
Tom O’Connor, formerly managing director of DigiCore ltd in the UK, will head up the expanded Ctrack business.
“This latest development brings together two of the leading vehicle tracking solutions providers in the UK to create an industry leading business. This new Ctrack organisation is best-placed to meet the precise needs of its customers with high levels of expertise, support and financial strength,” he explains.
“These are exciting times and it is our intention to become partner of choice within the telemetry and fleet management marketplace. Our customers can look forward to benefitting from this expanded and enhanced business in terms of financial security, technology leadership and operational support.”
Ctrack will combine the strengths of DigiCore’s commercial presence and established position in the corporate market together with Minorplanet’s customer service and software competence in the UK SME market.
It said the new company will provide the potential to create a significantly larger telematics platform in the UK and across Europe.
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