Crewe-based Radius Payment Solutions, the group behind the telematics and fuel card brands Kinesis and UK Fuels, has acquired Sure-Track. A specialist in stolen vehicle and plant recovery systems, Midlands-based Sure-Track also supplies fleet tracking and vehicle camera solutions.
Bill Holmes, Chief Executive of Radius Payment Solutions, outside the company’s new HQ in Crewe.
Earlier this year Radius was recognised as one of the UK’s largest private companies and ranked 19th in the 2019 Sunday Times HSBC Top Track 100 list having seen turnover grow to 2.5 billion in 2019. This latest acquisition by Radius brings the total number of tracked vehicles and assets to over 150,000 making the Crewe headquartered company one of the largest telematics companies in Europe having only started selling telematics 2015.
Formed in 2004, Sure-Track offers a range of asset recovery and telematics products as well as vehicle cameras. Through the acquisition, Radius will boost its technical capability with a company that has pioneered new innovations especially in the tracking and recovery of stolen assets which is backed up with a 24/7 monitoring station.
“The acquisition of Sure-Track brings another dimension to our growing telematics business by acquiring the technology, expertise and services for the tracking and recovery of stolen vehicles and plant.” said Bill Holmes, Chief Executive of Radius Payment Solutions.
“Increasingly insurers are turning to telematics to reduce risk, not only by protecting assets but also through monitoring driving to improve safety. We can now offer a complete range of solutions and through integration with our fuel cards, purchasing and insurance platform, we can offer everything businesses need to manage their mobile assets.”
Radius telematics devices are currently installed in over 150,000 vehicles across the globe. Now a key global player providing an array of products and services to over 300,000 customers, the group employs over 1,400 people across the globe and recently opened a state-of-the-art 66,000ft campus headquarters in Crewe, continuing to provide numerous jobs in the local area.
“Joining the Radius group represents a major landmark for Sure-Track and will open up the market both in the UK and overseas to our technological innovations that we’ve developed over the past 15 years,” commented Sure-Track founder and CEO Will Hirons.