Clearwater International advises Bridges Fund Management on its acquisition of Matrix Telematics
Clearwater International has advised Bridges Fund Management (Bridges), a fund manager that specialises in sustainable and impact investing, on its investment into Matrix Telematics (Matrix). The investment values the business at over €70m (£60m).
Founded in 2001 by owners Wayne Shillito and Mark Packman, Matrix delivers innovative telematics and SaaS solutions to fleet operators across the UK and overseas, and processes data intelligently for almost 100,000 vehicles. The business, which boasts an impressive portfolio of clients across a broad range of sectors, has grown to include a knowledgeable technical team and expanded its product range to include features which reduce the environmental impact and enhance the safety of fleets, such as fuel efficiency and optimisation services, crash detection monitoring and driver risk scoring and compliance analysis.
The investment by Bridges will enable Matrix to organically scale at pace and accelerate its strategic vision for the future by further investing in its offering.