EROAD seeks clearance to acquire Coretex miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
EROAD has signed an agreement to acquire Coretex
EROAD is pleased to announce that it has agreed to acquire 100% of Coretex Limited ( Coretex ), a telematics vertical specialist provider delivering enterprise grade solutions. This is a transformative move, improving EROAD s position as a vehicle telematics leader and taking a strong step toward its goal of reaching 250,000 units. We have always stated that acquisition would be part of our growth strategy to reach our medium- and long-term goals. We have been clear we would seek complementary and proven technology to augment our product range. To accelerate growth, any acquisition target needed to deliver increased capability, improved customer experiences and access to additional market verticals. In Coretex we have found a highly complementary partner which allows us to satisfy these criteria says Steven Newman, CEO of EROAD.
EROAD to acquire Coretex, accelerating strategic plans and enabling faster growth in North America prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.