Ctrack has successfully completed the acquisition of Inseego’s international telematics business after it was initially announced in September 2024.
The acquisition enhances Ctrack’s presence in critical markets, including the United Kingdom, Belgium, France, Germany, the Netherlands, Australia, and New Zealand.
Once a traditional fleet management company, Ctrack has transformed into a forward-thinking provider of advanced, data-driven solutions and the acquisition will enable it to leverage Big Data and Artificial Intelligence (AI) to deliver actionable insights, optimise operations, and reduce risks for its customers.
According to Hein Jordt, CEO of Ctrack: “This acquisition marks a defining milestone in Ctrack’s journey. It not only expands our presence in international markets but also strengthens our capabilities as a leader in predictive solutions. Together, we are unlocking new opportunities in data intelligence, empowering businesses to leverage advanced analytics for greater efficiency and success.”
This deal will also help Ctrack solidify its position as a global leader in telematics, enabling businesses to achieve their strategic objectives and remain competitive in an evolving digital landscape. It will see Ctrack deliver real-time fleet optimisation, predictive maintenance, and advanced analytics, setting new standards across industries such as logistics, transport, agriculture, mining, and construction.
As Ctrack continues its transformation into a leader in data-driven solutions, the integration will empower businesses with tools for enhanced efficiency, predictive analytics, and smarter decision-making.
The acquisition was supported by Convergence Partners, a private equity investment firm that acquired Ctrack from Inseego in 2021. This acquisition underscores Convergence Partners’ unwavering commitment to positioning African enterprises as global leaders in technology while driving sustainable growth and value creation across its portfolio.
Andile Ngcaba, Chairman of Convergence Partners, remarked: “The seamless integration of Inseego’s telematics business has not only elevated Ctrack’s global position but also unlocked substantial growth opportunities. This milestone comes at a pivotal moment when telematics, automotive technology, AI, 5G, 6G, and low Earth orbit satellites converge to redefine fleet management.”