16/07/2018

16 July 2018
16 July 2018, Comments Comments Off on Eberspächer buys share of PACE Telematics
Eberspächer buys share of PACE Telematics

Eberspächer Group, the heating and air-conditioning supplier for many types of vehicles and automotive electronics, has acquired a share of a start-up company, PACE Telematics GmbH which will expand its expertise in of cloud-based connectivity solutions and enable it to expand its current product portfolio.

Heinrich Baumann, Managing Partner, said: “We are convinced that data-based services form a core element of the mobility of tomorrow and believe strongly in this young company.”

“In addition, the extensive know-how of the start-up opens up new possibilities for our products,” added Baumann.

The three founders of PACE Telematics will continue their management roles as co-partners.

PACE’s cloud-based mobility solutions will enable networking between Eberspächer products and other functions fitted in the vehicle.

Baumann continues: “We want to improve the user experience for our customers. For example, customers will simply and conveniently control many functions through one app.”

Both companies are convinced that the acquisition forms an excellent basis to offer more comfort on the move and therefore win new customers and enter new markets. They aim to cooperatively develop new products for workshops, fleet managers and end customers.

Dr Martin Kern, Founder and Managing Director of PACE Telematics, adds: „We are very happy to have gained a strong partner in Eberspaecher. We expect many synergies, especially in the area of our B2B business. Our companies are very similar in that we both work as independent, neutral partners to the automobile OEMs and aftermarket industries.”

PACE was founded in 2015 and has over 30 employees. Since summer 2016, the company has offered a cloud-based, retro-fit solution for motorists. Via the PACE link, the vehicle can connect to a smartphone via Bluetooth. The PACE app includes a variety of innovative features such as an electronic logbook, fuel-saving trainer, automatic emergency call, find-my-car function and error code analysis. In addition to these functions aimed at the end customer, PACE also offers services for B2B customers. With the help of the PACE system, workshops can improve their customer loyalty through remote diagnostics and insurance companies can offer innovative telematic tariffs. More information can be found at www.pace.car and business.pace.car.

caption  image: Management Heinrich Baumann, (Eberspaecher, ri) Dr Martin Kern, Robin Schönbeck, Philip Blatter (PACE fltr)