Three Hills Capital Partners ( THCP ) is set to acquire a minority stake in Trak Global Group for more than £ ##500 m ( $ 100 million ) . Trak Global said that the proceeds from the minority investment will help it fast-track the development of new products and services through its IMS’ DriveSync 6 platform. Trak Global will use the funds to accelerate the development of telematics products via the DriveSync 6 platform of IMS , which it recently acquired . The company provides driver and vehicle risk data from connected devices , and sports clients including Volkswagen Financial Services , Allianz and Nationwide Insurance ( UK ) .
Three Hills Capital Partners ( THCP ) is set to acquire a minority stake in Trak Global Group for more than £ ##500 m ( $ 100 million ) . Trak Global will use the funds to accelerate the development of telematics products via the DriveSync 6 platform of IMS , which it recently acquired . The company provides driver and vehicle risk data from connected devices , and sports clients including Volkswagen Financial Services , Allianz and Nationwide Insurance ( UK ) .