Tantalum sells Tracker to CalAmp
We exploit dislocations in markets and unlock value from complex situations using a Get Rich and Stay Rich strategy. This strategy has given rise to returns over 23 years of 28% p.a. Net IRR
We exploit dislocations in markets and unlock value from complex situations using a Get Rich and Stay Rich strategy. This strategy has given rise to returns over 23 years of 28% p.a. Net IRR
Tantalum, a specialist in connected car software and payments, has sold Tracker, its UK stolen vehicle recovery business, to CalAmp. The sale follows swiftly on Tantalum’s acquisition of Springworks, a Stockholm-based connected car software house.
The sale of Tracker and Tantalum’s restructuring enables the enlarged group to deliver global connected car software and payments opportunities with its partners, such as its current rollout with AT&T across the US, with Telia in Scandinavia, and with Swisscom and AMAG across Switzerland.
Tantalum is building out the infrastructure to connect vehicles and their users to a global ecosystem. This ‘connectivity to payment’ ecosystem enables the in-car delivery and payment of services, from a network of service providers that can be used by individuals, cities, states, and private actors to access, for example, insurance, roadside assistance, parking, car-pooling and fuelling.
Tantalum CEO, Erik Ramberg, says: “Scale is essential to success, not only to this venture, but for the connected car as a whole. By bringing together leading players we have the opportunity to create a trusted neutral platform with our payments engine, Pay.Car, at its heart. Tantalum’s services can be used by everyone across the industry, and across the globe, to create a unique ‘connectivity to payment’ for the future of the connected car.”
Disruptive, Tantalum’s lead investor, is retaining access rights to the low powered wide area network (LPWAN) operated by Tracker, which offers comprehensive 99 per cent coverage of the UK and is already in use to create an “IoT mesh network”.
Tantalum Investor Director, Lincoln Jopp of Disruptive Capital, says: “The sale of Tracker enables Tantalum to concentrate on rolling out world class software and payments via the world’s OEMs and Telcos. The sale made good strategic sense and good business sense. Combined with the sale of the fleet services from Tracker to Movil, it represents a healthy 8.1x return on our original investment from when we acquired Tracker from Direct Line in 2014. Disruptive backs great management and we commend the team at Tracker for transforming it over the past five years.”
Tantalum, a specialist in connected car software and payments, has sold Tracker, its UK stolen vehicle recovery business, to CalAmp.
21/07/2025
Pension Insurance Corporation Group Limited ('PICG'), ultimate parent company of Pension Insurance Corporation plc ('PIC'), the specialist insurer of UK defined benefit pension schemes, today announces that Athora Holding Limited (“Athora”) has agreed to acquire PICG for approximately £5.7 billion. Athora is a leading pan-European savings and retirement services group with €76 billion of assets under management and administration, on behalf of 2.8 million policyholders.
21/07/2025
Telent, the leading provider of operational technology and digital solutions for critical national infrastructure across the UK and Ireland, is to be acquired by M Group, the leading infrastructure services provider across water, energy, rail & aviation, highways and telecom to private and public sector organisations.
02/09/2024
A £175 million communications network connecting 163 remote radio sites across 11,000 miles of UK coastline is now operational ensuring His Majesty’s (HM) Coastguard’s effective frontline emergency response continues for thousands of distress calls from the UK’s waters.
12/06/2024
LS EcoEnergy (CEO Lee Sang-ho) announced on the 12th that the company has entered into negotiations to secure the land for a submarine cable project in the UK.
LS EcoEnergy is actively engaged in negotiations toleaseland atthe Port of Tyne in the northeast. The size of the project site, including the port, is approximately154,711㎡.LS EcoEnergy plans to conclude negotiations ‒ including land lease conditions ‒ within the year.
Click the link in the title to read full article.
12/06/2024
More than 30,000 students and staff at the University of Bristol will soon have access to a new and improved Wi-Fi experience thanks to a major new wireless network project that will be delivered by Telent. It will be one of the largest education networks outside of North America, with the capacity to support over 300,000 devices.
Click the link in the title to read more
04/06/2024
As part of Telent’s Environment and Sustainability vision, Telent’s dedicated Green Solutions team have been exploring and developing a range of innovative Green Solutions to benefit the environment, customers and it’s supply chain to improve sustainability and reduce its carbon footprint.
Click the link in the title to read more