Tramigo buys Dubai’s Macchina Tech

Finland-headquartered Tramigo B.V., a subsidiary of Tramigo Ltd., has announced its acquisition of a majority of the shares of Dubai-based Macchina Tech Global Positioning Systems Trading LLC in a deal valued at USD 2 million.

The acquisition will strengthen Tramigo’s presence in the UAE and wider GCC region and reinforce its newly initiated partnership with Seed Group, a company of the Private Office of Sheikh Saeed Bin Ahmed Al Maktoum of the Dubai royal family.

Founded in 2003, Tramigo is a provider of IoT solutions for fleet management, vehicle and asset tracking, and mission critical push-to-talk solutions. The company has customers in more than 100 countries and local teams on all continents.

Macchina is a telematics and machine-to-machine technology provider. Founded in 2019, the company provides its services across the construction, food and beverage, oil and gas, retail, healthcare, and education sectors.

Through Macchina Tech, Tramigo will get access to a team of 15 employees with local expertise in implementing fleet management and customized projects. Macchina will also expand the Tramigo portfolio through its radar systems and machinery solutions for gathering data from hydraulic systems.

By partnering with Tramigo, Macchina Tech will get access to the latest privacy-focused technology within GPS tracking, fleet management, and IoT solutions.

Tramigo has committed to investing over USD 10 million in GCC operations over the next five years to augment its capabilities to carry out customized projects and advanced fleet management in the region.