View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 25, 1997updated 05 Sep 2016 1:04pm

RACAL & EUROPEAN TELECOM FORM VENTURE FOR TRACKING SERVICES

By CBR Staff Writer

Racal Electronics’s Racal Survey Ltd and cellular telephone distributor European Telecom Plc are forming a joint venture called Global Telematics Plc. The new company, 50-50 owned, is developing, marketing and selling vehicle tracking, navigation and information services worldwide. Racal spokesman David Nicholas says the Orchid service will be launched in September and neither party will reveal full details until then. Each is investing 750,000 pounds with an extra borrowing facility of 1.5m pounds. The tracking and communications service is being targeted at large companies in haulage and distribution, and Nicholas says the extent and scope of the new business will far exceed current offerings. Global Telematics based in Racal’s Chessington offices, is headed by managing director Edward Belgeonne, from European Telecom, with finance director David Griffiths from Racal.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU