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Vehco AB in the EMEA top 500 growing company for Deloitte

Gothenburg, Sweden, December 19th 2012:Vehco AB ranks among the Deloitte Technology Fast 500TM top European-Middle East-Africa (AMEA) companies. A palmares celebrating technology companies with the fastest annual growth. With a growth of 406% of its fiscal year revenue between 2007 and 2011, Vehco is awarded the 366th position.   Started in 2001 as a spin-off of the Chalmers University, Vehco AB has benefitted from a constant growth over the years.

Operating in the telematic industry for the transport sector, Vehco has grown both through external acquisitions and market share development. It acquired two local players (COMLOG in Denmark and ELOmobile in France) to extend both market presence and product portfolio and become a strong European player of the sector.   Positioned on the top level market segment with complete fleet management solutions, Vehco’s solution has differentiated itself from low level “GPS positoning only” suppliers.

This strategy has allowed the company to gain significant market shares while benefitting from general market growth. Indeed, the telematic market or more precisely the fleet management systems market has grown at a compound rate of 11.6% according to Berg Insight and will continue to grow in the coming year.

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