Microlise, the telematics and transport management solutions provider, today announced that it has completed the acquisition of TruTac Ltd. TruTac is the leading UK provider of fleet compliance and management software for Heavy Goods Vehicles (“HGVs”) and Public Service Vehicle (“PSVs”).
The terms of the acquisition were not disclosed and as part of the acquisition, TruTac will remain an independent company as part of the Microlise Group. The acquisition underscores Microlise’s ongoing commitment to forge new partnerships and opportunities to increase product and service innovation to support its international customer base in the UK, France, India, Middle East, Australia and New Zealand.
Microlise, headquartered in Nottingham, is the UK’s market leader of telematics and transport technology products, with over 500,000 connections around the world. Its Fleet Performance, Journey Management, Planning & Optimisation and Proof of Delivery products are used by fleet operators while its solutions are also successfully deployed by OEM partners including MAN Truck & Bus UK, JCB and Tata Motors in India.
Founded in 1990 and operating throughout the UK and Ireland, TruTac has successfully established itself as the leading designer and provider of fleet compliance software for HGV and PSV operators. Its online product suite allows operators and transport managers to simplify and streamline tachograph and compliance management via one easy-to-use portal. TruTac’s range of products helps clients to protect their Operators’ licence, reduce risk, increase fleet efficiency and reduce administration costs.
Nadeem Raza, Microlise’s Chief Executive Officer says:
“We are delighted to announce this acquisition and we welcome the TruTac team to Microlise. This union strengthens our presence in both the HGV and PSV sectors, and complements our group offering of real-time fleet management systems to enable smarter and more accurate operational decisions. We have identified strong synergies between the businesses, particularly across the development of new products and services. We look forward to actively pursuing our ongoing mutual success.”
Terry Ramsey, Managing Director of TruTac adds:
“I am proud of everything TruTac has achieved in becoming the UK’s compliance software market leader and this is great news for both old and new HGV and PSV customers. Microlise and TruTac are guided by the same ethos and passion for transport and this union is a positive one. Combining our expertise will deliver greater customer and partner value across the commercial and passenger transport industries. I look forward to accelerating the development of new products and services and to entering new markets with a strengthened and complementary fleet management offering.”