DKV acquires STYLETRONIC
DKV Euro Service today acquired STYLETRONIC, one of the leading providers of IoT-based GPS positioning and logistics management. With this acquisition, DKV is consistently continuing its digitisation strategy. Based on this cooperation, DKV and STYLETRONIC will launch the first joint solutions for transparency along the supply chain in the course of 2020.
Marco van Kalleveen, CEO of the DKV MOBILITY SERVICES Group, says: “The cooperation enables us to bring standards such as real-time tracking, which we know from the B2C sector, into the B2B sector and to offer them to our customers. Services such as the exact determination of the predicted time of arrival increase transparency and ensure improved cost management as well as higher quality for our customers.”
Martin El Shamaa, founder and managing director of STYLETRONIC, adds: “DKV and STYLETRONIC complement each other perfectly. We bring together DKV’s outstanding expertise and long tradition in fleet and mobility management with our specific digital know-how. As a development partner, I am very much looking forward to developing future-oriented digital products and services together with DKV in the future.”
As a result of the cooperation between STYLETRONIC and DKV, existing customers of STYLETRONIC will benefit from the expansion of the portfolio by innovative, integrated services. The parties have agreed not to disclose the total amount of the transaction.