Connexas Group acquires Seven Telematics

Newark, Nottinghamshire, UK: Connexas Group (formerly Isotrak group) has acquired cold chain technology business Seven Telematics.

Connexas says that Seven Telematics’ temperature recorder, Transcan Advance, has established itself as a technology leader in the cold chain market and the business has a strong track record in both product innovation and customer service. The Transcan Advance technology will become fully integrated into the Connexas platform, opening up this capability to its wider customer base.

Jim Sumner, chairman of Connexas Group, said: “Seven Telematics is the market leader in cold chain technology with growth in its telematics enabled product achieving over 20% CAGR in the past four years and strong export sales at over 30% of total revenue.

“Our businesses are a perfect fit for each other, and more importantly, for our customers who are looking for the best of available technologies on a single platform. This move not only increases our technology and connection base, it also offers significant growth potential, builds on our European footprint and will, of course, add further to the financial strength and performance of the company.”

Ian McAllister, commercial director of Seven Telematics said: “I am very impressed by, the technology platform and innovative range of products Connexas has developed. There is a real energy and purpose in the organisation, and we are looking forward to working together to realise further growth in the future.”

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