DKV Euro Service acquired Styletronic Telematik GmbH, a leading provider of IoT-based GPS positioning and logistics management, headquartered in Kufstein, Tyrol. Based on this cooperation, the two companies will launch their first joint solutions for transparency along the supply chain in the course of 2020. With this acquisition, DKV is consistently continuing its digitisation strategy.
Marco van Kalleveen, CEO of the DKV Mobility Services Group, says: “The cooperation enables us to bring standards such as real-time tracking, which we know from the B2C sector, into the B2B sector and to offer them to our customers. Services such as the exact determination of the predicted time of arrival increase transparency and ensure improved cost management as well as higher quality for our customers.”
Martin El Shamaa, founder and managing director of Styletronic, adds: “DKV and Styletronic complement each other perfectly. We bring together DKV’s outstanding expertise and long tradition in fleet and mobility management with our specific digital know-how.” Their aim is to develop future-oriented digital products and services together with DKV in the future.
As a result of the cooperation between Styletronic and DKV, existing customers of Styletronic will benefit from the expansion of the portfolio by innovative, integrated services. The parties have agreed not to disclose the total amount of the transaction.
DKV Euro Service is by its own account market leader of cash-free en-route support for transport operators on European roads. The DKV Card and additional services offer a product range to optimise and manage commercial fleets. The company provides a network of more than 100,000 acceptance stations in 42 countries of Europe.