RTL’s strong technical offering of solutions for hazardous goods andadvanced vehicle cameras, is of particular importance to AddSecure and will be rolled out across the wider Smart Transport customer base.
AddSecure, a leading European provider of premium IoT solutions, with a focus on secure critical communications and data, today announced that it has acquired RTL Telematics through its Smart Transport UK company, Connexas. The objective is to further strengthen its market leading position within Transport and Logistics in the UK, and to realize its strategy of becoming the leading provider of Fleet and Transport Management solutions in Europe.
RTL provides telematics services to fleet operators and focuses on logistics companies transporting hazardous goods. The company works with some of the world’s largest and most respected organisations, many of whose requirements are extremely complex. Including the likes of BP, Shell, Esso, Texaco, Nestle, Wincanton, and Hoyer.
“The acquisition of RTL is an opportunity to accelerate AddSecure’s strategic roadmap. AddSecure Smart Transport will benefit from significant additional technologies and added R&D resources to consolidate its innovation leadership in Fleet and Transport Management,” says Stefan Albertsson, CEO of AddSecure.
The telematics equipment and technology platform offered by RTL captures and analyzes vehicle and driver data, to provide insights to customers, and inform financial and operational decisions. Three core analytical areas are offered as part of the solution: Cost savings, contributing to reductions in fuel consumption and operational efficiencies. Performance metrics, which gauge driver and overall fleet safety in real time, identifying poor drivers and providing rectification training. And finally, legal compliance, where video footage can be used for claim intervention by providing an impartial account of events.
“I have personally known RTL’s MD, Konstantin Rainkine, for many years and look forward to working with a fellow developer and entrepreneur of telematics with a passion for customer support and delivery. This addition to the UK business will strengthen our offering and broaden our expertise in camera technology and driver behaviour. This will then be rolled out across our other AddSecure business units and accelerate our best practice services to pan-European customers. We welcome RTL and the team onboard for the exciting journey ahead”, says Andrew Overton, Managing Director of Connexas and VP of AddSecure Smart Transport UK.
“We couldn’t be more excited about this agreement. By joining forces with AddSecure and Connexas, we become part of a strong player with significant scale and financial strength to create the leading European Fleet and Transport Management provider”, says Konstantin Rainkine, Managing Director of RTL Telematics. RTL Telematics will be part of AddSecure and integrated in the Connexas offering. RTL’s Managing Director will report to Andrew Overton, Managing Director of Connexas and VP of AddSecure Smart Transport UK.
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About RTL Telematics
RTL is a custom telematics specialist for the commercial vehicle marketplace, providing sophisticated management tools that capture and analyze vehicle and driver data to optimize fleet safety and efficiency. With 25 years’ experience in vehicle telemetry, as well as working with many of the leading engine and truck manufacturers, the company is well placed to deliver advanced tracking, monitoring, and reporting systems that overcome specific operational challenges and enhance business performance. Working from regional offices in the UK and Australia, the customer base covers over twenty countries spanning six continents.
Add Secure is a leading European provider of premium IoT solutions with a focus on secure critical communications and data. More than 100,000 customers within the security and safety industry, rescue services, building security and automation, digital care, transport and logistics, utilities, smart cities, and more, safeguard their life and business-critical applications with solutions from AddSecure. This helps save lives, protect property and vital societal functions, and drives business. The secure and reliable end-to-end solutions within the business units Smart Alarms, Smart Care, Smart Grids, Smart Rescue, and Smart Transport, help make the world a safer and smarter place. The company, founded in the early 1970s, today employs more than 750staff in 15 countries. AddSecure is headquartered in Stockholm, Sweden, and has regional offices as well as a network of distributors around Europe. AddSecure is majority-owned by Funds managed by Castik Capital, a European private equity fund with a long-term approach to value creation, founded in 2014.