15% Annual Growth for Telematics Fleet Tracking in Europe

High M&A Activities in 2015 Expected to Continue

Novatel Wireless announced a bid to acquire Digicore in June in a deal worth US$ 87 million. In the same month, Viasat announced to have acquired a controlling interest in Cefin Systems. Goldman Sachs Merchant Banking Division and GRO Capital announced the acquisition of Trackunit from the founders of the company in July. Thermo King acquired Celtrak in October.

The latest transaction was done in November when Fleetmatics acquired Italy-based Visirun adding 28,000 subscriptions and 3,000 clients.

Fagerberg anticipates that the market consolidation will continue in 2016 on a market that remains very fragmented.

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Wednesday, November 18th 2015

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