Fleet Complete has acquired Ecofleet, this is Fleet Complete’s second acquisition in Europe since ITmobile in 2016, establishing a presence in the Netherlands, Belgium, Luxemburg, Austria and, recently, Germany.
Fleet Complete is a provider of fleet, asset and mobile workforce management solutions. While Ecofleet is a software company that specializes in GPS-based fleet and team management solutions. It has got presence in the north European market namely, Denmark, Finland, Sweden, Norway, Estonia, Latvia, and Lithuania.
The acquisition is consistent with Fleet Complete’s global expansion strategy and gives it a leading position in the north European markets that are poised for a substantial telematics growth in the next 5 years. According to a report by Berg Insight the installed base of FM systems to reach 10.6 million units by 2020 and a consolidation trend is too being observed.