Radius acquires Trackyou and 20,000 vehicles

RADIUS Payments Solutions, which already has a large presence in central Manchester, has acquired telematics provider Trackyou in a deal adding more than 20,000 vehicles to its growing business.

Wrexham-based Trackyou has upwards of 15 years’ experience in providing innovative telematics tracking solutions, specialising in the public sector.

All 40 of its staff will join Radius.

Bill Holmes, chief executive at Crewe-based Radius, said: “Radius has acquired an exciting technology company with an outstanding track record of research and development in telematics. The purchase allows Radius to rapidly expand into the larger fleet segment where Trackyou has great experience.

“We feel our brands and systems align really well and by acquiring Trackyou, we’re confident we can offer one of the best range of telematics solutions on the market.”

The move is part of the recent growth plans for Radius, which includes the opening of a new tech centre in Manchester and its expansion into South East Asia where it has opened new offices in Singapore and Malaysia.

An RSM team, led by corporate finance partner James Wild with support from Nick Wyatt, James Jarvis and Matt Ritchie acted as lead advisor to Trackyou on the transaction.

Radius was advised by a team of lawyers at Addleshaw Goddard, led by partner Roger Hart and including Ollie Hincks, Dean Cox and Jamie Partridge.

Gunnercooke’s Nick Ducker, Sarah Bennett and Benjamin Zarman acted as legal advisers to the shareholders.