Clifford International, a NewPort Capital portfolio company, is very pleased to announce a new addition to the Clifford Group of companies. Traxgo, a leading Belgium-based fleet management provider, has joined the Clifford Group. Until recently, the Group consisted of Clifford Electronics Benelux and Faringwell, which was acquired last year. Both companies are leading telematics specialists in vehicle security solutions. Traxgo focuses on larger rental and leasing fleets, and offers bespoke solutions enabling fleet owners to improve management of their vehicles’ asset value. By adding Traxgo, the Group enters into telematics applications for fleet management. The management team of Traxgo joins as shareholder in the Clifford Group as well.
Together with NewPort Capital an international growth strategy has been developed; buy & build is an important part of that. This acquisition is an important step for the Clifford Group, strengthening our ambition to become a leading European player in automotive telematics applications. Clifford Group foresees excellent growth potential for Traxgo and will support its business efforts both within and outside of Belgium – starting with the Dutch market.
Huibjan Braafhart – CEO Clifford International: “We’ve been impressed with Traxgo’s performance over recent years. The Traxgo team is very knowledgeable and highly experienced, and is fully dedicated towards further expanding their business. We are pleased to welcome Traxgo on board and look forward to supporting them in realising their growth ambitions“.
Bart Cappon – CEO Traxgo: “This is an important step for our company in terms of expanding our business not only inside Belgium, but also beyond its borders. We are confident that Clifford International is the right partner for us, and we’re very pleased to have joined the group“.