Microlise completes TruTac acquisition
Telematics and transport management solutions provider Microlise has completed the acquisition of TruTac.
TruTac is the leading UK provider of fleet compliance and management software for heavy goods vehicles (HGV) and public service vehicle (PSV). Full terms have not been revealed, although TruTac will remain an independent company as part of the Microlise Group.
Microlise, headquartered in Nottingham, is the UK’s market leader of telematics and transport technology products, with over 500,000 connections around the world.
Nadeem Raza, Microlise’s chief executive officer said: “We are delighted to announce this acquisition and we welcome the TruTac team to Microlise. This union strengthens our presence in both the HGV and PSV sectors, and complements our group offering of real-time fleet management systems to enable smarter and more accurate operational decisions. We have identified strong synergies between the businesses, particularly across the development of new products and services. We look forward to actively pursuing our ongoing mutual success.”
Terry Ramsey, managing director of TruTac, said: “Microlise and TruTac are guided by the same ethos and passion for transport and this union is a positive one. Combining our expertise will deliver greater customer and partner value across the commercial and passenger transport industries. I look forward to accelerating the development of new products and services and to entering new markets with a strengthened and complementary fleet management offering.”
