Clairfield advises Satrak on its crossborder sale to Trackunit

Formed in 2004, Satrak provides state of the art security tracking and telematics products designed specifically to meet the needs of operators of both commercial vehicles and mobile plant focused on the construction sector. Satrak currently has a population of 23,000 units fitted to vehicles and construction plant throughout the UK, covering both operators and hire companies.

Trackunit is a global telematics solutions business providing services to the transport, service and construction industries as well as machine OEMs. Trackunit has offices in eight countries with its headquarters based in Aalborg, Denmark and employs over 150 employees worldwide.

With the acquisition of Satrak, their installed base of telematics units exceeds 300,000 vehicles and machines globally, and also makes Trackunit the leading machine telematics provider in the UK, further strengthening their position in the European market.

Clairfield International in the UK acted as exclusive financial advisor to Satrak.

“I am proud of what Satrak has developed into over the past 14 years and am delighted that Clairfield found a strategic buyer for the business that will continue to service and develop our valued customer base. I think this is a good time for Satrak to take a leap into the future by being part of a larger international organisation. Thank you to the Clairfield team for working tirelessly to complete the transaction.” — Dan and Sharon Walton, Co-owners and Founders