Route Monkey

Providers of telematics solutions, Trakm8, acquired Route Monkey, route optimisation specialist, in December 2015.

Trakm8 recently acquired fleet optimisation specialists Route Monkey.

 

Route Monkey is a software provider which specialises in solutions that optimise fleet route planning, for both conventional and electric vehicles. Its software generates savings and efficiencies for organisations by optimising their fleet, resources and infrastructure. Its main products include mathematical algorithms, software and consultancy.

Customers include ShellBMWYodel and Iceland. The business was founded in 2009, and will continue to be based in Livingston, Scotland whilst retaining its small offices in Gateshead and Amsterdam; it currently has 23 employees (including six engineers and five sales people). Senior management are being retained and incentivised.

 

John Watkins, Executive Chairman of Trakm8 commented:

“The acquisition of Route Monkey is highly complementary to Trakm8 as it adds route planning and optimisation capability to our existing technology, a key to enabling us to offer integrated solutions to customers in line with the development of market requirements.

“We look forward to welcoming the Route Monkey team into the growing Trakm8 group and expect the business will add another source of organic sales growth and recurring revenues.

“Together the acquisitions of Route Monkey and DCS (completed in June 2015) significantly enhance Trakm8’s competitive advantage, add substantial growth opportunities, and are expected to be earnings enhancing.”

 

Recent Route Monkey News

Campbell and Kennedy drives efficiencies on Route Monkey – May 9th, 2016

Flower Deliveries Blossom for Global Service Group – March 24th, 2016

Iceland Foods extends contract with Trakm8’s Route Monkey – March 16th, 2016

AvantiGas selects Route Monkey to supply route optimisation package – March 4th, 2016

 

fleet optimisation specialists Route Monkey

Trakm8 recently acquired fleet optimisation specialists Route Monkey.