Deal typeManagement buy-out
Safety on the move
‘Taking back tomorrow’ is the sentiment which drives the work of South Africa’s leading vehicle tracking company. Whether helping to recover stolen cars, combat crime or track the efficiency of corporate drivers, Tracker staff members are inspired to make a positive difference to South African society.
South Africa has one of the highest vehicle theft rates globally, driving market demand for Tracker’s technology. Furthermore, Tracker enjoys a unique and highly successful public-private partnership with the South African Police Service.
In October 2011, Actis led a consortium in the 100% management buy-out of Tracker. We were attracted by Tracker’s committed management team and its powerful brand, which is renowned for high quality customer service, CSR and a strong, differentiated internal culture.
Today, Tracker continues to diversify into new technologies; the ‘Track and Trace’ element is strongly complemented by the provision and application of intelligent data. This data has many uses: eg it enables companies with large vehicle fleets and car insurance companies to monitor driver behaviour (speed, distance travelled). This results in better transport cost management and fairer insurance premiums.