Fleet News

Trakm8 invests £1.5m in new manufacturing facility

Trakm8 new facility

Trakm8 is expanding into a new manufacturing facility following a £1.5m investment.

The company’s investment will see a new 1,500sq m factory, increasing its production capacity to around one million telematics devices per annum.

Trakm8’s executive chairman John Watkins said the new facilities will support Trakm8 as it continues to grow and meet customer demands.

Demand in the second half of the current financial year is expected to be strong as new contracts in the Insurance and Fleet sectors deploy and the growth in the Automotive propositions scale out.

The investment in automated assembly and test equipment will also increase manufacturing efficiency and further enhance quality.

The two buildings are approximately 30 metres apart, retaining the operational benefits of being on one site.

Watkins added: “We are confident that this investment will be sufficient for the next few years and look forward to making the most of the improved office space and expanded manufacturing facilities.”

Trakm8 has agreed a 10-year lease for the premises, which is opposite its headquarters in Coleshill, West Midlands.

It will relocate manufacturing operations into the new building, freeing up space in its HQ for additional offices.

The transition will be phased over a period of three months to ensure that current production is not disrupted.


Click here for telematics best practice and procurement insight

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.

Related content

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