Kosran and Trackunit offer combined theft and tracking systems
By Murray Pollok21 March 2012
Irish machinery theft-prevention specialist Kosran ECV and Danish asset tracking company Trackunit A/S (formerly M-tec) have agreed a sales and engineering alliance to sell combined theft and tracking systems to customers in rental and construction.
The agreement, for an initial period of 18 months, will see each company sell the other's products in certain markets. Kosran will sell Trackunit in the UK and the Gulf States, while Trackunit will sell Kosran's systems in Scandinavia and the Baltic States.
Both companies will sell the combined products in the EU mainland; Kosran from its base in Beaugency, France and Trackunit from its Luxembourg office.
Patrick Sheeran, managing director of Kosran, said the alliance will be launched at Intermat, where the two companies will jointly exhibit a combined product offering at their stand in Hall 5.
Mr Sheeran said Trackunit's products were outstanding and made the ideal partner to offer a combined theft prevention and asset management tracking system. He said the two companies would work together "to introduce and supply volume OEM manufacturers with this ‘next generation modular and cost competitive' system."
The agreement follows changes at fast-growing Trackunit. It was previously the division within M-tec that sold the fleet management products. But rapid growth at the division - with sales expected to triple in four years - has led M-tec to create a stand-alone company, Trackunit A/S, separate from the M-tec production company.
Both companies are subsidiaries of M-tec Holding Pandrup ApS, owned by Svend Mousten Hansen and Jesper Fjeldsø.
Mr Hansen said; "To reach our objective we need to go for bigger projects, think long-term and partner with large manufacturers and rental companies abroad."
Co-owner and director Jesper Fjeldsø said Trackunit was expanding its production area by 50%; "and we expect the workforce to grow by 25% this year, from 40 to 50." Sales rose by 30% last year and the company expects a similar level of growth again this year.