Trakm8 signs Scandinavian distribution deal
The AIM-listed telematics and data supplier to global markets said the initial order for the UK-manufactured hardware is worth over £270,000 (€339,500), which will be followed with ongoing monthly service charges for each unit, giving a solid recurring revenue base.
John Watkins, executive chairman of the Trakm8 Group, commented: ‘We are delighted to have partnered with SAGA in the distribution of our products throughout Scandinavia, which marks a new territory for sales of ecoN. SAGA is well respected throughout the industry and we are confident that they will be successful with distributing our products to their customer base.’
The initial order is expected to be delivered to SAGA by the end of 2014.
Natalie Middleton
Natalie has worked as a fleet journalist for nearly 20 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. Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news - or gossip.
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