Targa Telematics – Italian tech company that develops technological solutions in the field of telematics, smart mobility and digital IoT platforms for mobility operators – continues to grow and expand in foreign markets opening a new office in the centre of the Spanish capital. The entry into the Iberian market comes a year after opening offices in Portugal.

This operation consolidates the internationalisation process and continues the project of exporting technologies, services and value propositions of the Italian company. Targa Telematics has offices in France and the United Kingdom, at the same time operating globally in the United States, Australia, New Zealand and Asia.

After Germany, Spain is the second largest car manufacturer in Europe, an industry that represents 11% of the national GDP*. In the past few years, Targa Telematics has witnessed a significant growth by expanding overseas. This direct presence in the country will allow the company to expand its user base of innovative fleet management and car-sharing solutions, which are developed in the Italian Research & Development hub. Targa Telematics will play a leading role in the mobility of the future in the Iberian Peninsula as well.

Nicola de Mattia, CEO of Targa Telematics, commented: “The expansion in Spain represents a further step towards our growth and positioning. Within the next five years, we are aiming to become a global company and consolidate our role as a leader in the sector, as a player enabling transformations that are already taking place in the mobility field.” “We are totally committed to support and help our customers. Regardless of whether they are large fleet managers, rental companies, car makers, insurance companies or mobility players, we assist them in their transformation and transition to digital, to connected, electric and shared mobility, and to all the new forms of mobility. Another important factor is being logistically closer to them in their transition, to make cooperation even more profitable and increase the value we created together”.

TARGA TELEMATICS

Targa Telematics is an IT company with 20 years of experience in connected vehicles. It offers telematics technology solutions, smart mobility and digital IoT platforms for mobility operators. It addresses short and long-term rental companies, finance 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. With more than half a million connected assets, in 2020 Targa Telematics recorded revenues of 40 million euros, has 130 employees and more than 950 customers. The company, headquartered in Treviso and Turin, operates directly in the UK and has offices in several European cities such as Madrid, Lisbon and Paris. For further information: www.targatelematics.com.

TARGA TELEMATICS

Elena Bellini, Head of Marketing, Mobile [+39] 335 135 1277 elena.bellini@targatelematics.com

Susanne Furini, Communication Manager, Mobile [+39] 345 7274925 susanne.furini@targatelematics.com

Barabino & Partners UK

Giuliana Patrone, Tel.: 0044 (0)20 7152642 g.patrone@barabino.co.uk

Camilla Giacomelli, Tel.: 0044 (0)7570 561 249 c.giacomelli@barabino.co.uk

*https://www.investinspain.org/en/industries/automotive-mobility

*https://www.caixabankresearch.com/en/sector-analysis/industry/spains-automotive-industry-strategic-and-undergoing-transformation