Source: Which-50

Coretex: Telematics Drives More Deals In Logistics

EROAD Ltd (ASX:ERD) has added to its inventory of telematics solutions by acquiring Cortex for NZ$157.7m in upfront consideration and NZ$30.6m in contingent consideration. Both companies were founded in New Zealand and have operations in Australia and the United States. The deal will give EROAD additional scale in its coreThe post Telematics Drives More Deals In Logistics appeared first on Which-50.

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Est. Annual Revenue

$5.0-25M

Est. Employees

100-250

Co-Founder & CEO

Selwyn Pellett

CEO Approval Rating

76/100

Coretex is a California-based telematics platform that provides solutions including vehicle tracking and ELD compliance for industries including construction and logistics.