Sanari Capital, a private equity firm that invests in medium-sized and mid-market growth companies, has announced a R406 million (US$23.4 million) investment in Ctrack, the global telematics and fleet asset management business.
Sanari invested R250 million ($14.4 million) through its 3S Growth Fund alongside R156 million ($9 million) from its long-standing investor partner, 27four Investment Managers. The transaction marks a significant milestone for both Sanari and Ctrack, signalling the next phase of scale, growth and innovation for their respective businesses.
Operating across Africa, the UK, Europe and Australia, Ctrack’s Crystal platform provides predictive insights to industries ranging from logistics and construction to government and insurance markets. With 40 years of innovation in delivering data-driven technology, Ctrack helps businesses move beyond visibility into foresight, transforming data into actionable intelligence that drives efficiency, safety and growth.
The Sanari and 27four investment builds on Ctrack’s strategic acquisition of Inseego’s international telematics business last year. That transaction, which was supported with a follow-on investment by Convergence Partners, consolidated Ctrack’s global footprint and expanded its presence in key international markets. The new investment will further accelerate this global expansion and support innovation on Ctrack’s unified technology platform.
A Word from Our Leaders
“This investment comes at a pivotal inflection point for Ctrack,” said Ofentse Pelle, Partner at Sanari Capital, who led the transaction. “The business is already well established as a global leader but continues to show ambition for further growth. We are backing a management team with an impressive track record and a clear conviction to building a business with an enduring impact.”
Natasha Gomes, CFO of Ctrack, added:
“I’m excited about the opportunities this acquisition presents for us and our customers. Bringing together the strengths of both businesses gives us the platform to further innovate, create new growth opportunities, and enhance the services we offer. I’m proud to be part of this next phase for Ctrack, as we continue to push the boundaries of what’s possible in the telematics industry.”
Looking Ahead
The integration will prioritise service continuity for existing customers while leveraging the combined strengths of both businesses. Customers can expect greater access to advanced telematics solutions, enhanced service coverage, and a future-ready platform designed to meet the evolving demands of modern fleet asset management. Ctrack will continue to innovate, expanding its product offerings and developing next-generation telematics solutions.
About Ctrack
Ctrack is a global leader in telematics and fleet asset management solutions, providing cutting-edge data-driven technologies to improve fleet visibility, safety, and operational efficiency. Crystal represents the pinnacle of Ctrack’s innovation — a singular platform where the precision of telematics converges with the foresight of Artificial Intelligence to harness the full power of Data Intelligence. With a presence in logistics, transport, agriculture, mining, and construction, Ctrack serves a diverse range of industries, ensuring companies have the tools they need to stay competitive in an evolving marketplace.