Expansion into oil and gas industries
TORONTO: Autovision Wireless Inc, a fleet management company specializing in GPS tracking, anti-idling and fleet management software, is acquiring the assets of SFT Telematics of Edmonton, Alberta. SFT offers specialized GPS tracking and fleet management solutions to the oil and gas, transportation, and construction industries among others.
SFT has been in business since 1998 and provides M2M services to several thousand subscribers in Canada and the USA. The terminals operate over cellular and satellite networks across North America.
Elaine Perri, the GM of SFT said “We are extremely excited with the acquisition as it provides us with a wider portfolio of products and services that complement our existing product lines. Our customers will benefit from the fleet management expertise that AutoVision brings to this acquisition and their depth in software development will enable us to enrich our services.”
“The acquisition of SFT will strengthen our presence in Western Canada, primarily in the oil and gas industry. SFT’s diverse customer base will position us well as the global demand for Canada’s natural resources continues to grow.” said Mukhtar Rahemtulla, CEO of Autovision Wireless.
All SFT services will continue to be offered and the SMARTFLEET trademark and brand will also continue.
The terms of the acquisition were not disclosed.