CameraMatics, an Irish Internet of things fleet and vehicle safety technology specialist, has made its first acquisition, snapping up Telematicus, a British telematics company.
Financial details relating to the transaction have not been publicly disclosed but industry experts suggest CameraMatics likely paid between €3 million and €5 million to acquire the company, which is headquartered in Macclesfield. Telematicus was founded in 2009 by professionals with backgrounds and experience in automotive service, repair, diagnostics, manufacturing ...