News / New funds back IoT box tracker Traxens as it snaps up NEXT4

Credit NEXT4

Marseille-based Traxens, a provider of smart-container tracking and telemetry, has acquired French container tracking supplier NEXT4.

The deal was for an undisclosed consideration and Traxens also announced a further €23m ($25m) funding round to fuel expansion.

With clients including Bolloré Logistics and DB Schenker, the combined company will offer two types of container tracking systems, as well as NEXT4’s smaller device for tracking air freight.

Each tracker includes GPS as well as cellular or Bluetooth communications, with the latest version of the device also ...