Ipex Capital Limited, part of the PA Consulting Group, today announced it has acquired Auto-txt Limited, a pioneer in vehicle location, tracking and integrated in-vehicle telematics devices.
Established in 2003 as a division of the RDM Group Limited, Auto-txt designs, manufactures and sells telematic products and services to the automotive and retail sectors.
Auto-txt technology uses a scaleable platform enabling products ranging from basic fleet vehicle location and stolen vehicle tracking to a unique and revolutionary in-vehicle device incorporating navigation, hands-free calling, vehicle tracking services, MP3 playback and Internet access all in one device. The platform can also be used to meet increasing demands for additional vehicle safety including the forthcoming emergency call (‘eCall’) legislation which will require all new cars to be accurately and remotely located by the emergency services following an accident.
David Keene, Managing Director of RDM Group, said:
“The acquisition of Auto-txt by Ipex Capital is a major milestone for the company. With access to the considerable experience of PA Consulting Group, Auto-txt is now positioned to deliver substantial and exciting products and services to both existing and future customers and can revolutionise the in-car telematics market.”
Martin Stapleton, Head of Ipex Capital, said:
“We are delighted to have acquired Auto-txt. It has established market leading technology and is well positioned to take advantage of market and legislative growth opportunities within the industry. Ipex Capital will provide financial support and leverage the considerable experience of the PA Consulting Group to create a platform for profitable growth.”
“Auto-txt already provides services to some of the most prestigious automobile brands. We intend to establish Auto-txt as the leading provider of solutions in auto-mobile safety, security and connectivity.”
“I am delighted to announce that we have attracted Gunter Hauptmann to take the role of Executive Chairman of Auto-txt. Gunter has over 25 years’ experience in the Electronic and Automotive Industry, latterly as an Executive Board Member of Siemens VDO Automotive AG.”
Gunter Hauptmann commented on his appointment:
“I am delighted to chair this venture and I am excited by the opportunity of introducing leading edge innovation in telematics and the use of the Internet to the automotive industry. Ipex and the PA Consulting Group provide an excellent foundation to develop and deliver increasingly intelligent and connected systems that can help the automotive industry become more environmentally sustaining.”
ENDS
