Europe News: Ipex Capital acquires Auto-txt

Europe News: Ipex Capital acquires Auto-txt

PA Consulting Group's ventures arm – Ipex Capital – has acquired vehicle tracking and in-car telematics specialist, Auto-txt.

Established in 2003 as a division of the RDM Group, Auto-txt’s technology uses a scaleable platform enabling products ranging from basic fleet vehicle location and stolen vehicle tracking to an all-in-one device incorporating navigation, hands-free calling, vehicle tracking services, MP3 playback and Internet access.

The platform can also be used to meet increasing demand for additional vehicle safety, including the forthcoming eCall legislation that will require all new cars to be accurately and remotely located by the emergency services following an accident.

According to Martin Stapleton, head of Ipex Capital, Auto-txt already provides services to some of the most prestigious automobile brands, and Ipex intends to establish Auto-txt as the leading provider of solutions in automobile safety, security and connectivity.

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