RS Connect has over 200 engineers across the UK and via its proprietary technology, connected to all the leading telematics service providers, installs over 40,000 devices a month for insurance and fleet customers. Since our investment in RS Connect, the business has trebled in size and acquired a significant competitor.
The use of telematics in vehicles is growing rapidly at over 30% per annum. This growth is being driven by the increasing adoption of telematics by both the fleet and insurance markets as telematics allows them access to real-time data on driver behaviour.
“RS Connect is at the centre of a growing market that provides real benefits for insurance companies and their customers from the use of telematics technology. Bringing a private equity investor on board that is experienced, who understands the business and fits culturally is a big step for me and the company and I genuinely look forward to building RS Connect’s capability and customer proposition with Beech Tree.”