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

  • September 5, 2014
    Major growth predicted for OEM embedded telematics
    According to a new research report by Berg Insight, shipments of OEM embedded telematics systems worldwide are forecasted to grow from 8.4 million units in 2013 at a compound annual growth rate (CAGR) of 30.6 per cent to reach 54.5 million units in 2020. Moreover, Berg Insight forecasts that the number of cars sold worldwide equipped with head-units featuring handset-based telematics capabilities will grow from 7 million in 2013 to 68.5 million in 2020.
    Read More
  • March 8, 2023
    Cambridge Mobile Telematics expands in Europe
    US firm predicts significant growth in European countries for telematics policies
    Read More
  • August 26, 2016
    Installed base of fleet management systems in Europe to reach 10.6 million by 2020
    The number of active fleet management systems deployed in commercial vehicle fleets in Europe was 5.3 million in Q4-2015, according to a new research report from the M2M/IoT analyst firm Berg Insight. Growing at a compound annual growth rate (CAGR) of 14.9 percent, this number is expected to reach 10.6 million by 2020. All the top-10 vendors have today more than 100,000 active units in Europe. TomTom’s subscriber base has grown both organically and by acquisitions during the past years and the company ha
    Read More
  • March 23, 2012
    DriveCam funding for strategic acquisition
    To continue funding rapid growth and market expansion, DriveCam has entered into a definitive agreement to raise US$85 million in investment capital from Welsh, Carson, Anderson & Stowe XI, (WCAS), a New York-based private equity firm.
    Read More

Highlighted Content