Saturday, March 4, 2023
HomeInsurance LawCambridge Cell Telematics acquires European agency Amodo

Cambridge Cell Telematics acquires European agency Amodo

US-based agency Cambridge Cell Telematics (CMT) has acquired Amodo, a European telematics firm, for an undisclosed sum.

The deal will enable Amodo clients to entry telematics options for driver danger measurement, proactive crash and claims companies in addition to behavioural modification to minimise driving danger.

With this acquisition, Amodo’s title will now be modified to CMT.

Amodo CEO Marijan Mumdziev stated: “We’re delighted to affix CMT and unite behind their imaginative and prescient to make the world’s roads and drivers safer.

“From try-before-you-buy, to pay-as-you-drive, to pay-per-mile, our crew has launched over 50 telematics packages over the previous 9 years. We look ahead to bringing our capabilities and market experience in Europe and past to CMT.”

Going ahead, Mumdziev will function CMT’s managing director of Europe.

Presently, CMT powers greater than 95 telematics programmes throughout 25 nations.

These programmes are provided by insurers, automakers, gig firms, fleet operators, and mobility firms to shoppers.

CMT CEO William Powers stated: “CMT is quickly increasing its world footprint past the US, the place CMT serves 21 of the highest 25 insurers. In simply the previous few years, we’ve turn into the trusted companion for insurers and mobility suppliers on 5 continents.

“We’re strengthening our European efforts by including Amodo’s expansive market data and deep relationships, and doubling our crew in Europe to over 100 folks to allow extra European organizations to appreciate the unbelievable advantages of telematics — all whereas saving lives on the highway.”



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