Radius Payments Solutions has acquired telematics provider Trackyou Ltd. in a deal that will add more than 20,000 vehicles to its rapidly growing tracking business.
Trackyou has more than 15 years of experience in providing innovative telematics tracking solutions, specialising in the public sector.
Based in Wrexham, all 40 of Trackyou's staff will join Radius and work together to continue building the business and developing the solution further.
Bill Holmes, Chief Executive at Radius Payment Solutions, said: "Radius has acquired an exciting technology company with an outstanding track record of research and development in telematics. The purchase allows Radius to rapidly expand into the larger fleet segment where Trackyou has great experience."
"We feel our brands and systems align really well and by acquiring Trackyou, we're confident we can offer one of the best range of telematics solutions on the market."
The move is part of the recent growth plans for Radius, which includes the opening of a new tech centre in Manchester and its expansion into South East Asia where it has opened new offices in Singapore and Malaysia.