IMAP India advised Rane Holding on its sale of its telematics business unit under Rane T4U to east India based eTrans Solutions for an undisclosed consideration.
Rane T4U provides fleet management and GPS based track and trace solution in India. Its clients include large global MNCs, Indian Government entities and prominent Indian startups. In 2017, the company was acquired by the Rane Group, a leading Indian automotive components conglomerate.
Founded in 2000, eTrans is amongst the early providers of GPS based track and trace solution in India. The company’s clients include major industrial houses in sectors such as Mining, steel, and automotive with a strong presence in East India. eTrans with its strong presence in Eastern India and T4U with its presence in Southern India provided a complementary client base, as well as a differentiated solutions creating significant synergies for this transaction. The combined business unit creates a platform with ~110 employees, 20+ customers and a strong presence across India.
