Trakm8 expands into new manufacturing facility

By / 4 months ago / News / No Comments

Tracking firm Trakm8 has invested in a new manufacturing facility in the UK as it looks to increase production capacity in response to demand.

Trakm8’s new manufacturing facility

Trakm8’s new manufacturing facility

The firm designs and manufactures a range of tracking and dashboard camera devices in the UK, and will invest circa £1.5m in a new 1,500sq m factory, increasing its production capacity to around one million telematics devices per annum.

The new premises are opposite its headquarters in Coleshill, West Midlands, and will allow the firm to free up space currently used for manufacturing to enable additional offices.

Executive chairman John Watkins said: “Demand in the second half of the current financial year is expected to be strong as new contracts in the insurance and fleet sectors deploy and the growth in the automotive propositions scale out.

“We are confident that this investment will be sufficient for the next few years and look forward to making the most of the improved office space and expanded manufacturing facilities.”

For more of the latest industry news, click here.

Related Posts

Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.