Ctrack finalises Inseego telematics acquisition

Ctrack has completed the acquisition of Inseego’s international telematics business, which was initially announced in September. 

The move aims to broaden Ctrack’s global footprint in critical markets, including the UK, Belgium, France, Germany, the Netherlands, Australia, and New Zealand.

Once a traditional fleet management company, Ctrack has developed into a provider of data-driven solutions. 

The acquisition of Inseego’s telematics business accelerates this evolution, says Ctrack, enabling it to leverage big data and artificial intelligence (AI) to deliver actionable insights, optimise operations, and reduce risks for its customers.

Central to this transformation is the Crystal platform, Ctrack’s modular, AI-enhanced telematics solution. 

Designed to adapt and scale with business needs, Crystal combines telematics with analytics to offer insights into fleet performance, driver behaviour, and asset utilisation.

Through this integration, Ctrack says it is poised to deliver real-time fleet optimisation, predictive maintenance and advanced analytics.

Hein Jordt, CEO of Ctrack, said: “This acquisition marks a defining milestone in Ctrack’s journey. It not only expands our presence in international markets but also strengthens our capabilities as a leader in predictive solutions. 

“Together, we are unlocking new opportunities in data intelligence, empowering businesses to leverage advanced analytics for greater efficiency and success.”

The acquisition has been underpinned by Convergence Partners, a private equity investment manager that acquired Ctrack from Inseego in 2021. 

Andile Ngcaba, chairman of Convergence Partners, said: “We are proud to see Ctrack’s evolution into a global leader in automotive, big data, and AI-driven solutions. 

“The seamless integration of Inseego’s telematics business has not only elevated Ctrack’s global position but also unlocked substantial growth opportunities. 

“As we advance towards intelligent transportation powered by next-generation technologies like IMT 2030 and 6G, Ctrack is well-positioned to drive innovation and deliver outstanding value to customers and stakeholders. 

“This milestone comes at a pivotal moment when telematics, automotive technology, AI, 5G, 6G, and low Earth orbit satellites converge to redefine fleet management.”

Ctrack’s focus on predictive data intelligence is central to its strategy, leveraging the capabilities of the Crystal platform to help businesses proactively address challenges, optimise resources, and make smarter decisions.