Vehco stengthens it's local precence in Spain - July 2011
Göteborg, Sweden/Madrid, Spain - 15th of July 2011 - Vehco continues its strong expansion in European key markets by acquiring its distributing company in Spain, Konexiona Tecnología y transporte, and setting up a Vehco subsidiary. All forces of Konexiona will join the Vehco Group as they will work and support the customers under the name of Vehco. The combination of Konexiona’s market expertise and Vehco’s high-end fleet management systems will create significant synergies on the Iberian Peninsula. “This acquisition represents a significant step for Vehco in our strategy to accelerate growth in Spain” said Magnus Orrebrant, chief executive officer of Vehco AB. Mr Orrebrant continues: “Konexiona has shown great success and under the umbrella of Vehco they will be able to grow even faster by offering solutions that match the Spanish market and fulfil the customer’s needs.”
About Vehco: Vehco is a European leader of fleet management solutions for the transport and logistics market. The company was set up 10 years ago by the Chalmers Technological University of Goteborg in Sweden to develop Eco-driving solutions. Since then, the company has pioneered enhanced data exchanges between Driver and back-office as well as mobility services via on-board-computers. Vehco has a leading presence in Europe, with more than 30 000 on-board-computers delivered.
More information: www.vehco.com
Contact: Magnus Orrebrant, CEO of Vehco AB – email@example.com
Arash Fard-Rahmani, General Manager of Vehco Communications SL – firstname.lastname@example.org
About KonexionaTecnología y transporte: Konexiona was established in 2007 as a distributing company of fleet management solutions and has since then successfully implemented the solutions of Vehco to many Spanish transport companies. The company consists of experienced sales, project management and implementation personnel. Contact: Heike de la Horra, Sales Manager – email@example.com