• Strengthens portfolio in local authority and utilities markets
Sept. 4, 2007 -- Cybit, a European online Telematics Service Provider (TSP), has announced the acquisition of Amatics Limited, a UK-based telematics service provider specializing in the local authority and utilities markets. The acquisition strengthens Cybit's position as a leading European telematics vendor. The company will now track in excess of 40,000 vehicles for approximately 1500 customers, with a strong established presence within the public sector.
Cybit will integrate Amatics' market expertise to help create a specialist division with a focus on utilities and the public sector, where there is set to be a significant increase in demand for fleet and asset management solutions. Amatics primary focus is on telematics for light goods vehicles; many of its customers integrate telematics into their internal infrastructure, including customized GIS applications for systems such as gritting and gully emptying. Cybit acquires a substantial customer base that includes organizations such as Scottish Water, Monmouthshire Council and South Cambridgeshire Council.
Richard Horsman, Chief Executive of Cybit, commented, "We are delighted to announce the acquisition of Amatics. This is a high quality business with an excellent reputation for delivering quality solutions underpinned with exceptional customer service within the Utility and Local Authority markets. With existing customers such as South West Water, Aberdeenshire Council and Sunderland Housing, Cybit has quietly been building a significant installed base in the public sector itself. We are confident that the integration of Amatics will enhance this proposition and help to grow Cybit's presence in this important sector."
Amatics has helped achieve significant cost savings and improved service levels for its customers in the public and utilities sectors. Amatics customers will now benefit from the broader expertise and experience of the Cybit group, which is wholly focused on the Telematics market and committed to developing and supporting world-class fleet and asset management solutions.
Cybit is a global force in Telematics, operating within three core sectors: Internet-based vehicle Telematics solutions; Economic Exclusion Zone (EEZ) Management; and Private Mobile Radio (PMR) based asset tracking and precise positioning solutions.
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