Home: October - November 2007 › Cybit acquires Amatics
Cybit acquires Amatics
01/12/2007 | Channel:
IT / Technology, Equipment
Cybit, Europe's leading online Telematics Service Provider (TSP), has announced the acquisition of Amatics Limited, a leading UKbased telematics service provider, specialising 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 customised GIS applications for systems such as gritting and gully emptying. Cybit acquires a substantial customer base that includes organisations 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.”