VisionTrack launches new US business
VisionTrack has launched a new US venture following its success in the UK, Ireland and Europe.
Based in California, the new company will hope to mirror its success in providing advanced AI video telematics solutions to fleets.
“This is an exciting next step for us following record levels of growth in the Europe during the first half of the year,” explained Simon Marsh, CEO of VisionTrack.
“Our hardware agnostic approach – meaning we are not tied to any one device manufacturer – makes us unique within the video telematics space and well placed to rapidly expand our North American presence. We are also committed to driving innovation by focusing on industry-leading data science, artificial intelligence (AI) and computer vision developments.”
VisionTrack will make their range of dashcams and multi-channel MDVRs available to the market along with their optional AI technology and Internet of Things platform, Autonomise.ai.
“We are actively seeking US opportunities that are the right fit for the business and support our growth strategy. Our parent company, Markerstudy, has recently received a £200m investment, so we have a war chest available to fund future acquisitions. Global turnover is forecasted to increase by more than 100% in 2021 and we believe VisionTrack Inc will make a significant, positive contribution to our financial performance,” Marsh added.
Schmitz Cargobull to build trailers in Manchester
German semi-trailer manufacturer Schmitz Cargobull is about to open a new factory at Wythenshawe, Manchester. The 7,500 sq m facility will have the capacity to build 50 trailers a week for the UK and Ireland, and will include a 1,000 sq m parts depot and a new UK head office.
It will complement the European market leader’s four factories in Germany, and another five overseas, spread from Lithuania to Australia. Together they produce 46,000 trailers annually.
CEO Andreas Schmitz said “The UK is a key transport and logistics market and an important semi-trailer and rigid truck market for us. With the new plant we are moving closer to our customers and ensuring that we can address their needs offering the most reliable chassis and a proven local body.”
Sales director Boris Billich added “We want to support transport companies in the UK and Ireland in a best possible way with our comprehensive range of reliable and innovative transport solutions. This includes vehicles with market-specific features, shortest possible delivery times, an extensive 24/7 spare parts supply as well as our proven range of services from financing to telematics and used vehicle sales.”