Merger aims to give kiwi telematics companies global reach

Fri, 12 Jun 2015

By Fiona Rotherham June 11 (BusinessDesk) - An alliance aimed at making New Zealand’s telematics companies world market leaders has led to two members merging to boost their scale. International Telematics Holdings and Imarda will merge, pending shareholder approval, and form a new entity, Coretex, from July. The aim is to speed up expansion into the US telematics market. Telematics involves GPS monitoring of anything that moves with early adoption among truck fleets and car insurers and the market is expected to grow from 14.7 million...

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