Moving Intelligence acquires vehicle tracking company
By Leila Steed27 July 2022
Fleet security specialist Moving Intelligence has expanded its operations in the UK with the acquisition AMI Group, one of the country’s leading players in the provision of plug & play vehicle tracking technologies.
According to Netherlands-based Moving Intelligence, which provides fleet management hardware and software for trailers, boats, containers and standard vehicles, AMI Group’s technologies are currently in use in around £350 million (€415 million) worth of equipment in the UK alone. This includes a significant number of off-highway equipment, such as excavators, generators and engines.
While the value of the acquisition deal was not disclosed, Moving Intelligence - a subsidiary of investment firm Vopli Capital - described it as “an important step” in its regional strategy - one that will enable it to further its growth in the B2B market.
Patrick Horst, CEO at Moving intelligence, said, “We are delighted to welcome AMI Group into the Moving Intelligence family, enabling us to take the next step into the B2B market. Together we will continue to push the boundaries of our market both nationally and internationally.”
Following the deal it is expected that AMI Group will retain its existing management team, with the addition of the company’s employees increasing Moving Intelligence’s workforce to over 100. The incorporation of AMI Group will also see the number of assets managed by Moving Intelligence increase to 115,000 - up from the 55,000 units on its management books two years ago.
Peter Stockton, Operations Director at AMI Group, said, “Moving Intelligence are the perfect fit for our business and more importantly our customers in the UK. The acquisition gives our team access to a strong and exciting portfolio of products and further strengthens our development and technical expertise. We’re heavily focused on executing a seamless transition for our customers and partners, whilst venturing on an exciting journey within a larger international organization.”