Opus advises Tantalum Corporation on the sale of Tracker to CalAmp
Category: Deal Announcement
Opus Corporate Finance LLP (“Opus”) has advised Tantalum Corporation, a Disruptive Capital portfolio company, on the sale of Tracker Network (UK) Ltd (“Tracker”) to CalAmp.
Tracker is a market leading telematics technology business with Internet of Things (IoT) capability, focused primarily on Stolen Vehicle Recovery, Fleet Tracking, and Insurance Telematics. Tracker has over 100k customers, over 1m installed tracking units across the UK and a wholly owned network with spare capacity for further IoT solutions.
Tracker has been sold to CalAmp, a Californian based technology solutions and telematics specialist, listed on the Nasdaq with a market capitalisation of c.$500m.
Post integration, Tracker will become part of a vertically integrated portfolio of telematics devices with cloud and software services aimed at connected car solutions for auto dealers, OEMs, insurance providers and other enterprise customers.
Malcolm Strang and Michael Mizon made up the Opus deal team, building further on Opus’ strong track record in the telematics sector.