Unidas boosts telematics footprint in Brazil with Getrack acquisition

Brazil’s largest vehicle leasing company Unidas has boosted its national vehicle tracking and telematics footprint with the acquisition of Getrack.  

Estimated at 120 million reais (US$22.6mn), the deal involves 71mn reais in cash and 1,965,742 in Unidas shares held by subsidiary Agile, according to a company statement. 

Being part of Minas Gerais based IT services company Nexcorp Serviços e Telecomunicações, Getrack operates in all states throughout Brazil.  

When considering the Unidas’ acquisition of vehicle tracking and telematics company iTEr just last year, the two have given the leasing company a footprint of one million vehicles being tracked in Brazil.