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

  • ZF acquires braking control specialist Wabco
    April 9, 2019
    German technology group ZF Friedrichshafen is to acquire Wabco, a supplier of braking control systems for commercial vehicles. ZF says commercial vehicle braking solutions are central for the control of automated driving functions such as emergency braking manoeuvres of trucks and trailers. Wolf-Henning Scheider, CEO of ZF, says the deal will help “create a foundation” for the company to offer systems for automated mobility solutions for passengers and goods. ZF expects that automated driv
    Read More
  • Optibus believes in unicorns
    May 17, 2022
    Bus scheduling specialist says it's first tech firm in public transport to achieve $1bn valuation
    Read More
  • VDOT chooses StreetLight Data for on-demand traffic intelligence
    January 22, 2018
    The Virginia Department of Transportation (VDOT) has selected StreetLight Data (SLD) to provide on-demand traffic and transportation intelligence. It aims to enable local and state planning agencies to transform Big Data from their mobile devices into useful mobility metrics via its regional subscription to SLD’s Insight platform. The service also offers unlimited analyses of real-world travel patterns in the state and is available for designated employees and engineering firms.
    Read More
  • 50 years of Cubic Transportation Systems
    August 25, 2022
    If you detect an air of celebration on the Cubic stand, there’s a good reason for it. June 2022 marked 50 years of Cubic Transportation Systems. While Cubic Corporation started 70 years ago, the transportation business began in 1972 and has since been nurtured and developed into a successful $1 billion enterprise and an established leader in the transportation industry.
    Read More

Highlighted Content