RAM Tracking (RAM, a portfolio company of H2 Equity Partners, has acquired Rewire Security (Rewire), a UK-based, SaaS-enabled fleet management business with a subscription base of c45,000 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 c175,000 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 highly attractive fleet management market.
