According to a statement, Radius-manufactured solutions will now be tracking around 120,000 devices, making them one of the largest telematics companies in Europe. The Plant-i brand will remain in place.
Speaking of the acquisition, Bill Holmes, chief executive of Radius said: “The acquisition of Plant-i is very important for us as it opens up some interesting new markets and boosts our technical resources and product offering. In particular, Plant-i has taken a lead in developing solutions for plant and construction sectors, and their experience in areas such as safety and security fits perfectly within the group.”
Sam Browne, founder and chief executive officer of Plant-i said: “Having grown Plant-i for over 15 years, I feel the next step for the company and its customers is to seek outside investment to accelerate growth. After months of discussions, we feel Radius is the perfect company to take Plant-i forward.”
