BURNABY, British Columbia-WebTech Wireless, a fleet telematics company, said it plans to acquire all of GlobeTrac Inc.’s European location-based and telematics business.
GlobeTrac plans to seek new business opportunities, according to the company.
“Europe’s multibillion dollar market represents a huge growth opportunity for WebTech,” said Anwar Sukkarie, president and chief executive officer of WebTech Wireless. “The management at GlobeTrac has decided to transfer the business to WebTech based on an agreement that will allow both organizations to benefit from Europe’s huge location-based and telematics services market.
“We have jointly seeded the market in the past two years and have come to realize that transferring GlobeTrac’s existing accounts to WebTech will make us very competitive and will assist in closing more deals and offering better customer service by dealing directly with our customers,” said Sukkarie.
