Radius adds to portfolio with acquisition of Sure-Track

Bill Holmes outside the company’s new HQ in Crewe

Crewe-based Radius Payment Solutions, the group behind the vehicle tracking and fuel card brands Kinesis and UK Fuels, has acquired Sure-Track for an undisclosed sum.

A specialist in stolen vehicle and plant recovery systems, Sure-Track, based near Coventry, also supplies fleet tracking and vehicle camera solutions.

Earlier this year Radius was recognised as one of the UK’s largest private companies and ranked 19th in the 2019 Sunday Times HSBC Top Track 100 list having seen turnover grow to £2.5bn in 2019.

This latest acquisition by Radius brings the total number of tracked vehicles and assets to more than 150,000, making the Crewe-based company one of the largest telematics companies in Europe having only started selling telematics 2015.

Formed in 2004, Sure-Track offers a range of asset recovery and telematics products as well as vehicle cameras.

Through the acquisition Radius will boost its technical capability with a company that has pioneered new innovations, especially in the tracking and recovery of stolen assets which is backed up with a 24/7 monitoring station.

“The acquisition of Sure-Track brings another dimension to our growing telematics business by acquiring the technology, expertise and services for the tracking and recovery of stolen vehicles and plant.” said Bill Holmes, chief executive of Radius Payment Solutions.

“Increasingly, insurers are turning to telematics to reduce risk, not only by protecting assets but also through monitoring driving to improve safety.

“We can now offer a complete range of solutions and through integration with our fuel cards, purchasing and insurance platform, we can offer everything businesses need to manage their mobile assets.”

Radius telematics devices are currently installed in more than 150,000 vehicles across the globe.

Now a key global player providing an array of products and services to more than 300,000 customers, the group employs in excess of 1,400 people across the globe and recently opened a state-of-the-art 66,000 sq ft campus headquarters in Crewe, continuing to provide numerous jobs in the local area.

“Joining the Radius group represents a major landmark for Sure-Track and will open up the market both in the UK and overseas to our technological innovations that we’ve developed over the past 15 years,” said Sure-Track founder and chief executive Will Hirons.

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