Canada-based tracking specialist Fleet Complete is expanding into Australia and Asia with the acquisition of Australian-based Securatrak for an undisclosed amount.Securatrak was founded in 2003 in Adelaide and was one of the first GPS technology companies in Australia. The business currently has over 25,000 vehicle tracking and fleet management subscribers across Australia and Asia, and will continue to support existing customers and products.

“This is an amazing entrepreneurial team that has built great local expertise in the Australian market and that will become the base for Fleet Complete in Australasia,” said Tony Lourakis, CEO of Fleet Complete. “We believe the Australian telematics market is at an inflection point and is poised for major growth, giving Fleet Complete the perfect opportunity to serve this market demand with its comprehensive IoT product portfolio.”

The deal continues Fleet Complete’s growth plans, following its expansion into Europe at the end of 2015.

“We are excited to become part of the Fleet Complete team,” said Mark Holmes, Securatrak’s founder and managing director. “Our shared commitment to leading the market in innovation and providing our clients with premium services makes this union a perfect match.

“We look forward to introducing Fleet Complete’s expansive suite of connected vehicle and resource solutions to the Australian market via Securatrak’s wireless channel partner, Telstra, and extend this advanced telematics platform to local and international businesses,” added Holmes.