British telematics company, Trak Global Group, has purchased Intelligent Mechatronic Systems Inc. (IMS).
The deal will allow Trak Global the ability to expand in the North American market, where IMS is based.
“We are thrilled to have acquired IMS. It is a breakthrough deal for Trak Global Group, one which we fought hard to secure. It significantly accelerates our growth as a worldwide leader in data services for the connected car. We already operate in the UK, Continental Europe and the Middle East, and acquiring IMS gives us expanded capability globally plus extended scale and presence in the North American market, which will fuel further rapid growth,’’ says Nick Corrie, Trak Global Group CEO.
The newly-expanded Group will comprise around 300 people, a third of whom are based in North America, providing services to a customer base which includes a long list of insurance and mobility companies as well as major vehicle manufacturers. The Group will realign all its international activities within connected insurance under the IMS brand, and its services to the mobility market under the Trak Global brand.