TruTac MD Terry Ramsey (right) with Nadeem Raza, chief executive of Microlise

Telematics and transport technology firm Microlise has bought TruTac in a move aimed at strengthening its presence in the HGV and PSV sectors.

The company, which was launched in 1990, specialises in providing fleet compliance and management software for HGVs and PSVs.

The acquisition, for an undisclosed sum, sees Coventry-based TruTac remain an independent company within the Microlise Group.

Nadeem Raza, Microlise chief executive, said: “We are delighted to announce this acquisition and we welcome the TruTac team to Microlise.

“This union strengthens our presence in both the HGV and PSV sectors, and complements our group offering of real-time fleet management systems to enable smarter and more accurate operational decisions.

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“We have identified strong synergies between the businesses, particularly across the development of new products and services. We look forward to actively pursuing our ongoing mutual success.”

TruTac MD Terry Ramsey added: “I am proud of everything TruTac has achieved in becoming the UK’s compliance software market leader and this is great news for both old and new HGV and PSV customers.

“Microlise and TruTac are guided by the same ethos and passion for transport and this union is a positive one. Combining our expertise will deliver greater customer and partner value across the commercial and passenger transport industries.

“I look forward to accelerating the development of new products and services and to entering new markets with a strengthened and complementary fleet management offering.”