Matrix in £60m partnership with Bridges Fund Management


 

Telematics and software provider Matrix Telematics has inked a £60m partnership deal with sustainable investments firm Bridges Fund Management. The deal sees the existing management team remain under the leadership of chief executive Mark Packman, who founded Matrix in 2001 with Wayne Shillito. The Cheshire-based business uses data captured from in-vehicle telematics devices to create detailed reports of vehicle and driver performance which enable fleet managers to identify safety risks and opportunities to reduce fuel and cut wear and tear […]