Microlise has completed its acquisition of fleet compliance and management software provider TruTac.
The terms of the acquisition were not disclosed and as part of the acquisition, TruTac will remain an independent company as part of the Microlise Group.
Microlise says the acquisition underscores its “ongoing commitment to forge new partnerships and opportunities to increase product and service innovation to support its international customer base”.
The telematics and transport technology product provider has more than 500,000 connections around the world. Its Fleet Performance, Journey Management, Planning & Optimisation and Proof of Delivery products are used by fleet operators, while its solutions are also deployed by OEM partners including MAN Truck & Bus UK, JCB and Tata Motors in India.
TruTac has established itself as a leading designer and provider of fleet compliance software for HGV and PSV operators. Its online product suite allows operators and transport managers to simplify and streamline tachograph and compliance management via one portal.
TruTac’s range of productsare designed to help its clients to protect their Operators Licence, reduce risk, increase fleet efficiency and reduce administration costs.
Nadeem Raza, Microlise’s CEO, said “We are delighted to announce this acquisition and we welcome the TruTac team to Microlise. This union strengthens our presence in both the HGV and PSV sectors, and complements our group offering of real-time fleet management systems to enable smarter and more accurate operational decisions. We have identified strong synergies between the businesses, particularly across the development of new products and services. We look forward to actively pursuing our ongoing mutual success.”
Terry Ramsey, managing director of TruTac, added: “I am proud of everything TruTac has achieved in becoming the UK’s compliance software market leader and this is great news for both old and new HGV and PSV customers.
“Microlise and TruTac are guided by the same ethos and passion for transport and this union is a positive one. Combining our expertise will deliver greater customer and partner value across the commercial and passenger transport industries. I look forward to accelerating the development of new products and services and to entering new markets with a strengthened and complementary fleet management offering.”