Consolidation in Poland’s car fleet monitoring market

Polish telematics firm Finder has purchased 100 percent of shares in AutoGuard, the second largest car fleet monitoring company in Poland. The value of the transaction has not been disclosed. After the acquisition, Finder will service over 7,000 companies and will be responsible for monitoring a total of 70,000 objects, making it the biggest firm in the sector in Poland. “The distance between the leader and its competition is getting bigger. The largest of the competitors has five times fewer activations than the leader,” the firm said in a statement. “Although the biggest international operators monitor far more objects (Fleetmatics – 470,000, Fleetcor – 450,000, TomTom Telematics – 350,000), their figures are the result operating in many countries. It is difficult to find an example, other than Finder, of an operator with such a strong position based on only one market.”