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

  • Major growth for fleet management systems in the Americas
    May 17, 2012
    According to a new research report from the analyst firm Berg Insight, the number of fleet management systems deployed in commercial vehicle fleets in North America was 2.1 million in Q4-2010. Growing at a compound annual growth rate (CAGR) of 12.6 per cent, this number is expected to reach 3.8 million by 2015. In Latin America, the number of installed fleet management systems is expected to increase from 0.9 million in Q4-2010, growing at a CAGR of 20.6 per cent to reach 2.3 million in 2015.
    Read More
  • Reporting on the direction of the US's ITS research effort
    January 19, 2012
    The US ITS Joint Program Office has been working with industry stakeholders to help define the form of future research projects. Here, the Office's James Pol discusses progress and future goals
    Read More
  • Future of tolling: the priorities
    January 14, 2020
    In the final part of his investigation into the future of tolling technology, Josef Czako of Moving Forward Consulting asks what industry figures see as the priorities going forward…
    Read More
  • Here’s why WiM is value for money
    January 23, 2025
    Weigh in Motion systems are not new. What is new is their ability to collect more data and – importantly – more accurate data about axle loading and vehicle weight. Despite the obvious benefits, including safer highways and possibility of automated legal weight enforcement, obstacles remain for faster uptake. David Arminas reports on the manufacturers’ perspective…
    Read More

Highlighted Content