Extension of Hardware Range

RNS Number : 2195T

Trakm8 Holdings PLC

23 September 2010

 



23 September 2010
 
 

TRAKM8 HOLDINGS PLC
 ('Trakm8' or 'the Company')

Extension of Trakm8's Hardware Range

  
Trakm8 (AIM: TRAK.L), the designer and developer of GPRS based hardware and software for the vehicle placement and security market, today announces the acquisition of the telematics hardware assets of Vincotech Gmbh ("Vincotech"), the Munich based engineering company,  including assets relating to the recently launched A1091 hardware module.

Vincotech's customers demand for GPRS based telematics solutions will now be met by Trakm8, who have a long and successful history within the industry, having supplied over 160,000 hardware units since the Company's formation in 2002. 

Commenting on the acquisition, John Watkins, Trakm8's CEO, said;

 
"We are delighted with this extension of our product range and as a highly focussed telematics Company, these additional products will form a significant part of our core offering to clients.  We will be working closely with Vincotech to assure their customers of an orderly transfer of supply arrangements and of our support and expertise going forward."

 - Ends -

For further information please contact:
 

Trakm8 plc	John Watkins, Chief Executive Officer	01747 858444
	James Hedges, Finance Director
Arbuthnot Securities	Hugh Field / Ed Groome	020 7012 2000
Tavistock Communications	Simon Hudson	020 7920 3150

 

END

 

 

MSCBSGDCRXDBGGX