GTCR acquires video telematics supplier Lytx

Video telematics provider Lytx is to be acquired by Chicago-based private equity firm GTCR in a deal valued at more than US$500 million that it says will help power the next chapter in its growth as a supplier video telematics and safety services for commercial and public sector transportation. Formed in 1998, Lytx has since developed a range of subscription-based services that help improve the safe fleet driving behaviour for more than 1,400 clients worldwide. Its flagship service offering, the DriveCam
February 22, 2016 Read time: 1 min
Video telematics provider 7806 Lytx is to be acquired by Chicago-based private equity firm GTCR in a deal valued at more than US$500 million that it says will help power the next chapter in its growth as a supplier video telematics and safety services for commercial and public sector transportation.

Formed in 1998, Lytx has since developed a range of subscription-based services that help improve the safe fleet driving behaviour for more than 1,400 clients worldwide. Its flagship service offering, the DriveCam program, combines the intelligent video capture of driving events, precise and personalised data-backed coaching insights, fleet tracking, fuel management and more.
Detection, Monitoring & Machine Vision Location Based Systems

Related Content

  • February 14, 2014
    EV market intelligence portal launched
    IDTechEx has launched a new browser-based electric vehicle market intelligence portal which provides companies with real-time global analysis of the total electric vehicles market for land, water and air. The portal is based on an active and continuous program of interviews, data gathering and analysis by PhD-level IDTechEx analysts. Subscription will help clients take a concise and focused approach to accelerate growth and capture opportunities with minimal risk from disruptive technologies. Electri
    Read More
  • April 18, 2012
    Commercial telematics consolidation
    The long awaited and much needed commercial telematics consolidation movement is finally coming to fruition, according to ABI Research. With Trimble’s acquisition of PeopleNet and Masternaut and Cybit combining forces, the extremely fragmented commercial telematics industry, which consists of hundreds of locally active players, is consolidating to become more globally-minded. These changes will allow the fleet management industry to grow towards yearly global revenues of US$6.43 billion by 2016.
    Read More
  • March 28, 2014
    OBD aftermarket telematics subscribers market forecast
    According to new research from ABI, the number of subscribers to OnBoard Diagnostics (OBD) aftermarket telematics solutions is expected to increase from 9.5 million in 2014 to 117.8 million in 2019. “OBD-dongle telematics devices are gaining momentum in North America and Europe in segments such as UBI, fleet management, and consumer telematics. Their plug-and-play characteristics, low cost and flexibility for a range of applications including diagnostics and maintenance, location tracking and trip loggin
    Read More
  • February 8, 2017
    Hydrogen Mobility Europe deploys first 100 zero-emission vehicles
    Hydrogen Mobility Europe (H2ME), the multi-country, multi-partner project which aims to demonstrate that hydrogen can support Europe’s future transport demands, has deployed its first 100 fuel cell electric vehicles (FCEVs) deployed by H2ME in Germany, France and the UK. H2ME brings together eight European countries to address the actions required to make the hydrogen mobility sector ready for market. H2ME plans to perform large-scale market tests of hydrogen refuelling infrastructure and deploy passeng
    Read More

Highlighted Content