Trak Global Group [‘TGG’], one of the world’s leading telematics technology companies with operations in the UK, Europe and North America, has announced today that Three Hills Capital Partners [‘THCP’] is to acquire a significant minority stake in the business. The deal comes less than a year after TGG acquired IMS, one of North America’s three leading telematics solution providers.
The combined Group business has long-standing partnerships with global insurers, mobility operators and motor manufacturers, gathering and interpreting data from connected devices to help organizations manage driver and vehicle risk. Its customers include RSA, Volkswagen Financial Services, Nationwide Insurance (USA), Allianz, Europcar and Zipcar. The Group also owns and operates multi award-winning telematics insurance broker Carrot Insurance and TGG employs over 250 people across four international offices.
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