Trakm8 has signed a contract with Norwegian company SAGAsystem AS (SAGA) to distribute the T8 tracking units and real time driver behaviour feedback product, ecoN throughout its network in Scandinavia, representing a new territory for Trakm8.
The initial order for the UK manufactured hardware is worth more than £270,000, which will be followed with ongoing monthly service charges for each unit, providing a solid recurring revenue base for the Group.
The initial order is expected to be delivered to SAGA by the end of 2014.
John Watkins, executive chairman of the Trakm8 Group saoid: “We are delighted to have partnered with SAGA in the distribution of our products throughout Scandinavia, which marks a new territory for sales of ecoN.
“SAGA is well respected throughout the industry and we are confident that they will be successful with distributing our products to their customer base.”