CMT completed the acquisition of TrueMotion.

Cambridge Mobile Telematics, a provider of mobile telematics and analytics solutions, completed the acquisition of TrueMotion, a mobile telematics provider. Financial terms were not disclosed. “With this acquisition, we will use our world-class talent, technology, and scale to help our partners overcome the complex challenges of global road safety. Both companies have helped transform the auto insurance industry, powering the shift from traditional rating models to usage-based and behavior-based insurance. We are excited to work together to bring telematics solutions to the users of the 1.4bn vehicles on the world’s roads,” William Powers, CMT’s Chief Executive Officer.