Targa Telematics, a specialist in developing IoT solutions and cloud platforms for connected mobility, today announces that it has moved past the 2 million vehicle mark for vehicle surveillance in Europe. Driven by the current increase in attempted thefts, Targa Telematics has achieved a steady increase in its number of monitored vehicles. Thanks to its full offering in vehicle security, Targa Telematics is currently achieving its highest rate of vehicle recovery, at an average of 85%.
Following a peak of 307,000 vehicle thefts in 2002-2003, there was a notable ten-year decline, leading to a considerable reduction in vehicle thefts to just 70,000 by 2013-2014. However, recent data published by the Office of National Statistics (ONS), has shown that there has been a 24.9% year-on-year increase in motor vehicle thefts in England and Wales, with 130,389 vehicles stolen just last year.
In this context, Targa Telematics has experienced a double-digit increase in requests for its vehicle-security service. It now monitors 2 million vehicles in real time in Europe, including France, the UK, Spain and Portugal, with a recovery rate of 85%.
To achieve such results, Targa Telematics relies on advanced big data and machine learning technologies developed by its staff to ensure vehicle security. These technologies prevent thefts by alerting the control room when the vehicles are in a risky neighbourhood, even before a theft has occurred and, when one does occur, they react quickly to coordinate with local law enforcement authorities and facilitate its recovery.
The service is provided by Targa Telematics‘ Operations Center staff, available 24/7 and working closely with police forces throughout Europe, helping with the timely recovery of stolen vehicles. This efficient cooperation between Targa Telematics and the authorities helps successfully recover stolen vehicles.
Through strategic partnerships with the top automakers, Targa Telematics offers companies many benefits, such as full visibility over their fleets, rapid activation of service, lower equipment costs, and secured and standardised data, so they don’t need to have their own internal technical expertise.
Thomas Smith, UK Country Manager at Targa Telematics: “We are proud to announce that Targa Telematics has just exceeded the mark of 2 million secured vehicles, with a recovery rate of 85%. This is a clear illustration of our expertise in vehicle recovery and auto security. We continue to invest in the most advanced technologies, such as big data and machine learning, and to offer our clients maximum protection against auto theft.“
ABOUT TARGA TELEMATICS
Targa Telematics is one of the main global players in the IoT field and in developing solutions and digital platforms for connected mobility. For over 20 years, the company has been bringing to the market a range of telematics technology solutions, smart mobility and IoT platforms for short and long-term rental companies, financial companies and large fleets, ranging from insurance telematics to asset and fleet management, from remote diagnostics and telemetry of vehicles, professional and construction vehicles, to the management of airport vehicles. Following the acquisition of Viasat Group – finalized in 2023 – Targa Telematics has strengthened its footprint in European markets – thanks to a strong presence in countries such as Italy, the UK, France, Spain, Portugal, Belgium, Poland and Romania – as well as Chile. The company is able to work on projects at international level with dedicated local teams. Targa Telematics participates to the United Nations Global Compact and adheres to its principles-based approach to responsible business.
For more information: www.targatelematics.com
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