H2 Equity Partners Portfolio company RAM Tracking has acquired Asset Monitoring Solutions.

In October 2020, RAM Tracking (“RAM”) acquired Asset Monitoring Solutions (“AMS”), a UK based SaaS-enabled telematics business with an installed base of 23,000 units across a largely SME customer base.

The AMS acquisition represents a significant step towards RAM realising its ambition of becoming the clear number one operator in the UK’s growing SME telematics market. RAM’s total installed base now stands at over 105,000 contracted units which generate revenues in excess of £15 million. As part of the transaction, RAM also invested in AMS’s nascent US operation, thereby providing it with access to a new and highly attractive telematics market.

AMS was founded in 2002 and is based in Ipswich. Its founder, Stuart Budd, is remaining withthe business to help support the integration of the UK business and manage the US operation.

For further information on RAM, please visit www.ramtracking.com

Terry Musson

The Amberon Group is a market leading traffic management provider to the utilities and Local Authority markets. Amberon was established in May 2002 with our first depot in Paignton, South West England. Our founding core principles remain at the heart of everything that we do and our continued desire to achieve our purpose; to provide the best service in the Traffic Management sector. This has been the foundation for our success and has cemented our position as the market leader in TM.

During the initial transaction we never felt under any pressure & instantly recognised we would become part of the family. H2 took the time to listen to our views & business strategy, it was obvious from the very beginning that they would be the perfect partner for us.

The guys at H2 have enabled us to continue the momentum & have provided the expertise & knowledge to help us continue on the journey to constantly improve our service offering.

Working with H2 during the last 2 years has given us additional support not just financially but the advice & expertise has helped analytically & strategically.

The ambition and the drive H2 have is extremely infectious & continues to assist the group to overachieve.

It’s enormously reassuring to know H2 will always be at the end of the phone to offer advice but heartening to know they have the trust in us to deliver.