Hübner Schlösser & Cie - Hübner Schlösser & Cie audacious Wellington armamentarium and clandestine shareholders in the auction of Truck24 AG

Hübner Schlösser & Cie (www.hscie.com) audacious Wellington armamentarium and clandestine shareholders in the auction of Truck24 AG, Munich, Germany, to Cybit Holding Plc, Huntingdon, UKStore this angel in big sizeAs of March 31st, the shareholders of Truck24 AG, including a armamentarium of Wellington Partners, awash 100% of the aggregation to Cybit Holding Plc, a UK-based supplier of telematics solutions.

Truck24 AG, based in Oberhaching abreast Munich, is a arch Central European telematics account provider (TSP), specialising in the HGV and acumen sectors above Germany, Switzerland and Austria. The aggregation has added than 200 barter with 3,300 installed units. The Truck24 artefact ambit is touch-screen based for affluence of use, and can be absolutely chip into end-to-end acumen operations, including planning and scheduling, to reduces costs and access accuracy above the accumulation chain. All casework can be affiliated with the “FleetExplorer”, a awful scalable web-based platform. With added than 5 years of all-encompassing acquaintance in the telematics industry, Truck24 has become a able casting in the fast growing telematics market. All agents will alteration on acquisition, and its CEO will become allotment of the Cybit all-embracing administration team. In 2007, Truck24 generated revenues of EUR 5.3 million.

Through this accretion Cybit Holding Plc gets absolute acceptance to Central Europe and strengthens its position as a European arch telematics vendor, creating a chump association of over 1,700 and added than 70,000 adaptable assets tracked by Cybit Group accouterments and software solutions. It will aswell advice advanced Cybit’s adeptness to bear new initiatives, such as CanBus engine administration affiliation and agenda tachograph. CanBus-generated car achievement abstracts helps alleviate a ambit of new amount accumulation and ability enhancements aural a car fleet.

Cybit Holdings Plc, based in Huntigdon, UK, is a all-around force in Telematics, operating aural three amount sectors: Internet-based car Telematics solutions; Economic Exclusion Zone (EEZ) Management; and Private Mobile Radio (PMR) based asset tracking and absolute accession solutions. Cybit Holdings generates revenues of aloft EUR 20 actor and is listed at the London Stock Exchange.

As a accumulated accounts consultant, Hübner Schlösser & Cie (www.hscie.com) provided Truck24 during all phases of the transaction.

Hübner, Schlösser & Cie
Joachim Schlösser
Dr. Markus Tschernig
Luise-Ullrich-Straße 8
82031 Grünwald
Germany

Phone: +49 (89) 998997-0
Fax. +49 (89) 998997-33
info@hscie.com
www.hscie.com

Hübner Schlösser & Cie, amid in Grünwald abreast Munich, is an absolute accumulated accounts advising firm, specialised in acquisitions and divestitures of medium-sized and ample companies worldwide. In the endure years the close audacious in added than 100 affairs with a absolute transaction amount in balance of EUR 17 billion. Hübner Schlösser & Cie is one of the arch advising firms for medium-sized affairs in Germany.