With more than 1.1 million connected vehicles, over 1,600 staff members and more than 23 years’ experience in the vehicle tracking and telematics industry, Tracker is the largest telematics company in Africa and the third largest in the world.
Most people see Tracker as a Stolen Vehicle Recovery (SVR) company, and while it is still at the core of their business, they have evolved significantly since their birth in 1996. Through a culture of continuous innovation driven by one of the most experienced and dynamic teams, Tracker has built a reputation far beyond its SVR roots which has cemented its position as the leading provider of telematics solutions to an automotive ecosystem which includes OEMs, Dealers, Insurers, Fleet Operators and Consumers.
MIC transaction overview
In December 2001, MIC acquired an interest in the ordinary share capital of the company.
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.
Our mission is to provide more than just funding – as active equity partners we are not only providers of capital, but also offer strategic, board-level guidance on corporate governance and transformation.