Fleet Complete Reports High Growth in Telematics Sector

Telematics remains hot and one provider, Fleet Complete, reports that it currently ranks as one of the fastest growing telematics companies among the top international aftermarket solution providers in fleet management.

It notes that it has a growth rate above 53 percent and has been cited in Berg Insight’s Fleet Management in Europe report. This puts the company among the fastest growing companies when looking at the top international providers of fleet management solutions in Europe and North America.

Fleet Complete’s revenue growth is above 53 percent with a current run-rate is at CAD $107million (Euro 70million and US $80million) globally.

According to Tony Lourakis, founder and CEO, “In 2018, we covered a lot of ground, launching with Deutsche Telekom in Germany as our channel partner; gaining a leadership position in the Nordics through the acquisition of Ecofleet; expanding our OEM partnerships with prominent names like General Motors, Phillips Connect Technologies and Mitsubishi.”

The telematics industry in, both Americas and Europe, is in a period of rapid growth that, according to Berg Insight, is expected to last for years to come. The European market, today, accounts for 37.8 million light and heavy commercial vehicles on the road, but only 7.7 million are using fleet management softwa

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