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