Fleetclear

Vehicle safety & efficiency technology

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Sector

Business services

Location

Pershore

Deal type

Management Buyout

Investment size

Undisclosed

Investment date(s)

2020

Website

fleetclear.com

"As we seek to further develop pioneering new software projects that will provide fleet operators with a genuinely differential level of information and visibility, common across their whole fleet, the need for investment and a partner that could support our aspirations was critical. The partnership with YFM will support and accelerate these plans, along with providing additional and ongoing investment into our market leading aftersales service. One of the key drivers for partnering with YFM was a clear cultural fit and their appreciation of our ethos around customer excellence and the importance of ongoing innovation."

Gavin Thoday, CEO of Fleetclear

The business

  • Fleetclear (an ISS Company) is a supplier and installer to the commercial vehicle market of end-to-end vehicle and driver management systems
  • ISS closely integrates software and hardware (tracking, telematics, driver behaviour, digital video recording ,anti-roll, reverse radar etc) focussing on safety, efficiency and compliance
  • Founded in 2009 by CEO Gavin Thoday and has grown rapidly in recent years off the back of new product development, new wins and growth in existing customers

The strategy

  • Maintain and grow market leading position in waste sector through continued innovation, further penetration in existing customers with existing and new products
  • Sell into targeted new vehicle segments with similar requirements, such as bus & coach, construction and expand into new geographies
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