NorthTracker acquires YachtSafe & redKnows

With this acquisition, NorthTracker consolidates its position as the leading provider of GPS tracking services for anti-theft alarm systems in the European market.

"YachtSafe and redKnows are ready for the next phase and NorthTracker, with its solid position and good reputation in the market, is the perfect partner to take over and further develop the business"

Johannes Karlsson, CEO - Vetel AB (Owner of YachtSafe & redKnows)

"Through an expanded customer base and a larger network of retailers, we are achieving economies of scale that allow us to provide our customers with a better experience and broader service. More news from us in this segment will be presented in 2025"

Carl Bodegård, CEO - NorthTracker AB

What is happening?

All customers will be offered a service (4G) with a connection to an alarm centre for approval according to SSF norm 1073, which entitles them to the highest degree of premium reduction from insurance companies. The service works throughout Europe and can be supplemented with a driving log that meets the Swedish Tax Agency's requirements, equipment control & tool tracking and Europe's first cloud-based alcolock.

About NorthTracker

NorthTracker is a Swedish IoT company based in Stockholm that delivers a cloud-based GPS tracking service (SaaS) for the private and corporate market in Europe. The company is over 14 years old and is a market leader on the marine side. In 2023, boats & engines worth between 30 and 50 million SEK were located - which have now been returned to their rightful owners. The company also provides electronic driving records, equipment control and alcolocks - both in-house and through dealers.

If you have any questions: Contact support at info@northtracker.com or 08 - 25 96 00

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