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Fleet management and software provider TR Fleet has been acquired by Italian-based fines management firm Safo Group for an undisclosed sum.
According to the companies, TR Fleet's company car and grey fleet compliance tool, DriverSecure, will be further developed and sold in Europe by its new parent business.
TR Fleet's software integrates with third-party data, and enables managers to observe employees who drive while on business, it said.
As well as grey fleet compliance tools, the firm offers driver risk-assessments.
"When I set up TR Fleet I wondered if there was an existing data hub on the market but I couldn't find anything that was based on the asset being the driver rather than the vehicle," said Julie Summerell, managing director of TR Fleet. "As the business has grown and developed I needed a partner that had a similar vision and commitment to driver safety and would help me develop DriveSecure into the hub that I always thought it could be."
Safo Group CEO Elpidio Sacchi added: "TR Fleet will have its own autonomy and identity. It will be present as TR Fleet in the other countries where we are already present."
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