KBS Corporate Finance have engineered the sale of the leading Dashcam brand “RoadHawk” to AIM listed TrakM8 for £3.2m. The business and assets of DCS Systems Ltd, specialists in the design and distribution of camera systems for the motor vehicle, bicycle and security markets, have been acquired in the £3.2 million deal by Trakm8 Holdings plc.
Trakm8 is an AIM-listed telematics company using Big Data analytics to improve driver behaviour and a leading technology designer, developer and manufacturer of telematics products and solutions.
DCS, who owned RoadHawk, specialises in the design and distribution of camera systems for the motor vehicle, bicycle and security markets. DCS trades under the three main brands of RoadHawk, Dogcam and Lawmate. Following the deal, DCS will continue to be based in Bodmin, Cornwall.
With cameras being increasingly used in a wide range of applications, including a significant demand for forward facing vehicle cameras to record driving incidents, the acquisition falls in line with Trakm8’s strategy of augmenting its organic growth with selective acquisitions that expand its telematics offering to both insurance and fleet customers.
Trakm8 and DCS have an existing relationship, with DCS supplying a number of Trakm8 customers with its RoadHawk cameras.
Mark Nelson the entrepreneurial owner of DCS commented, “I am delighted with the deal, TrakM8 have the market presence to take all our brands forward particularly RoadHawk. KBS Corporate Finance managed to find us the perfect buyer and overcame all of the obstacles which invariably arise in these deals.”
John Watkins, Executive Chairman of Trakm8 commented, “The acquisition of DCS marks another significant milestone in Trakm8’s growth strategy and reflects the growing demand from our fleet and insurance customers for camera applications. We plan to deepen the integration of the camera technology into our telematics solutions for both our fleet and insurance clients.”