SNAP acquires OTRA’s technology and truck parking network

SNAP has expanded its European network by acquiring the technology platforms, IT infrastructure and a portion of the OTRA truck parking network across 17 countries.

By integrating SNAP's existing technology with OTRA's solutions, SNAP's digital marketplace will include more than 120 additional truck parking options and improved service functionality. 

Drivers can book spaces using the intruck app at more service partners, fleets will have more advanced service opportunities from their portal, and truck parking operators will have a wider pool of drivers to maximise their business - with 10,000+ new drivers using SNAP Account payments. 

Matthew Bellamy, managing director of SNAP, said: "The acquisition of OTRA's extensive network of truck parking options and sophisticated IT infrastructure is a springboard for SNAP to offer the best-in-industry solution to our customers. 

"We recognise that we need to expand our European footprint to provide our customers with a connected journey and an industry-leading network across the continent. 

"Having assessed the capabilities of OTRA's intelligent technology alongside our existing pathway, we have a great match, and integrating these systems will help create a market-leading technology platform. 

"I have worked hard with the OTRA founders to understand them and their business, and I am delighted to form a deal that will enable onward growth. I'd also like to express my deep appreciation for the work OTRA has produced to create a highly developed tech business." 

OTRA's existing customers will be able to continue business as usual and will not see any disruption to their operations.