Lysanda has acquired TRACKER Network, a wholly owned subsidiary of Direct Line Group. The acquisition has been funded by the existing Lysanda investors, including the Sustainable Technology Fund, Rockhopper Investments and Disruptive Capital Finance.
Lysanda Ltd (“Lysanda”) today announces its acquisition of TRACKER Network (UK) Ltd (“TRACKER”), a wholly owned subsidiary of Direct Line Group. The combined companies intend to establish Tantalum Corporation Ltd (“Tantalum”), with approximately £20 million in revenues and some 500,000 telematics installations throughout Europe, and will combine Lysanda’s B2B customer base alongside TRACKER’s long-standing B2C sales reach.
The acquisition has been funded by the existing Lysanda investors, including the Sustainable Technology Fund, Rockhopper Investments Ltd and Disruptive Capital Finance LLP.
Commenting on the acquisition, Cédriane de Boucaud, said;
“Lysanda has been at the forefront of developing highly strategic and innovative solutions for fleet operators, OEMs, and their Tier 1 suppliers . The technology has very broad applicability and we believe it is poised for rapid growth. By acquiring TRACKER, we have immediate scale and extended infrastructure that gives our fleet operators, OEM customers and other prospects confidence that we can deliver both volume and support to major vehicle roll-out projects”.
“TRACKER has tremendous depth and experience in managing a very large, real-time customer base and has a highly complementary product range that Lysanda can leverage, combining VHF and GPS-based technologies. Our customers want both in-production and after-market solutions and TRACKER is very experienced in delivering to both the business and consumer market places”.
Stephen Doran, Managing Director of TRACKER, comments;
“TRACKER is a very well-known and respected brand in the UK, serving Consumers, Corporates and Insurance Customers and is recognised for providing the very best digital technology to deliver proactively the best stolen vehicle recovery technology available in the market. This is a highly complementary merger as Lysanda has the innovation and OEM relationships we need to continue our recent developments in Fleet and Insurance telematics. This will position the new entity as one of the UK’s most advanced and scalable telematics company”.
With over 150,000 solutions sold, Lysanda is a market leading developer of advanced telematics and infomatics solutions to automotive manufacturers, fleet operators and insurance companies. The award winning patented technology provides in-depth driver analytics with driver scoring and associated insurance risk, duty of care, advanced asset management (vehicle health, diagnostics/prognostics) and telematics forensic reporting for first class detailed crash analysis.
Founded in 2005, the company is headquartered in Essex, UK and has Tier 1 and distributor agreements worldwide.
TRACKER has been the UK’s leading stolen vehicle recovery expert for 20 years. TRACKER supports over 350,000 customers and holds key relationships with, inter alia, all police forces in the UK, LoJack, Plextek, Arqiva and WirelessLogic.
TRACKER, with the police, has to date recovered 22,323 assets and over £479 million worth of stolen vehicles.
For more information, please contact:
Tantalum Corporation Ltd
Cédriane de Boucaud, CEO +44 (0)20 7280 9702
TRACKER Network Ltd
Justine Hoadley / Dominic Dennis +44 (0)20 8977 9132
Equus Group (Communications)
Piers Hooper / Sam Barton +44 (0)20 7223 1100