In May 2022, RAM Tracking (“RAM”) acquired Rewire Security (“Rewire”), a complementary UK-based, SaaS-enabled fleet management business with a subscription base of c.45,000 across a largely SME customer base.
The Rewire acquisition represents a further step towards RAM realising its ambition of becoming the clear number one operator in the UK’s growing SME fleet management market. RAM’s total subscription base now stands at c.175,000 which collectively generates revenues in excess of £20 million. As part of the transaction, RAM also acquired Rewire’s nascent European operation, thereby providing it with access to a new and highly attractive fleet management market.
Rewire was founded in 2011 and is headquartered in Bristol with operations in Turkey, where its IT function is located, and Slovakia, from where it sells into continental Europe. Its founders and the wider management team are remaining in place to continue to grow the business and to support with its integration.
For further information on RAM, please visit www.ramtracking.com
About H2 Equity Partners
H2 Equity Partners is a leading independent investment firm founded in 1991, making investments in medium-sized companies with significant growth or improvement potential. The H2 team has built an exceptional track record of acquiring, strengthening and growing fundamentally attractive businesses. H2 invests in companies across all sectors that have strong market positions and competitive advantages, which can benefit from the extensive international operating experience of the H2 team.
H2 Equity Partners Fund V was launched in February 2017 and makes investments in the United Kingdom, Ireland and the Benelux. H2 Equity Partners £300 million Fund VI was raised in October 2021. For more information about H2 Equity Partners please visit www.h2ep.co.uk