Last checked at 23 Sep 2010 15:39
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."
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For further information please contact:
| Trakm8 plc | John Watkins, Chief Executive Officer | 01747 858444 |
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| James Hedges, Finance Director |
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| Arbuthnot Securities | Hugh Field / Ed Groome | 020 7012 2000 |
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| Tavistock Communications | Simon Hudson | 020 7920 3150 |