Trakm8 Secures Fleet Tracking Contract from ScottishPower
May 03 2016 - 03:08AM
Dow Jones News
LONDON--Trakm8 Holdings PLC (TRAK.LN), a telematics and data
provider, said Tuesday that it secured an initial four year
contract from utility company ScottishPower to supply fleet
tracking and driver behavior solutions for 1,608 vehicles.
Under the contract, Trakm8 will provide hardware and data
services and risk and vehicle service data analysis tools. The
installation of hardware in vehicles will take place in the first
half of the current year.
"This contract provides additional visibility for our
expectations for the current financial year," Trakm8 Chairman John
Watkins said.
ScottishPower is part of the Iberdrola S.A. (IBE.MC).
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
May 03, 2016 02:53 ET (06:53 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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