frameLOGIC, a leading provider of complex telematics solutions, announced acquisition of the local competitor GPS-LOG. In result, frameLOGIC obtained a few hundreds of new customers and merged whole team of GPS-LOG’s employees into the company’s current structure. Terms of the transaction have not been disclosed.
frameLOGIC continues its mission of dynamic growth and strengthening position on the local market. After several impressive contracts in the two first quarters of 2017, now it is time for M&A activities.
„We will take care about every of a few hundreds of newly acquired customers so they get an upgrade from GPS-LOG application to the frameLOGIC system. Due to our “all-in-one” philosophy, frameLOGIC is today a premium product, and I am sure the customers will appreciate the change.” – says Andrzej Kalupa, Board Member at frameLOGIC. – „Acquisition of GPS-LOG is just the first step, which helps us master certain processes at the reasonable scale. Strengthened, we are going to push further our growth-aimed strategy.