South Africa’s leading vehicle tracking company complements its core business of tracking and stolen vehicle recovery with a range of sophisticated fleet management and telematics services. Their radio frequency and GSM-GPS networks cover South Africa and several neighbouring countries Their operations are divided into three segments, namely Tracker Retrieve, Tracker Alert and Skytrax (Fleet and Execufleet).
MIC transaction overview
In December 2001, MIC acquired an interest in the ordinary share capital of the company.
In August 2006, Mobile Data and Tracker merged.
In October 2011, Actis, MIC, RMBV and management acquired the majority stake from Wesbank, Remgro and other sellers, allowing the MIC to increase its stake.
The MIC owns 30% of Tracker.
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