Alder-backed r2pTracking to merge with SkyCom.

Alder-backed r2pTracking, a developer and seller of GPS-based solutions for fleet management and theft protection of moving equipment, agreed to merge with SkyCom, a telematics company that provides geolocation service. Financial terms were not disclosed. "Being the founder of SkyCom, I had to start thinking about the future for the company, our employees, our customers, and about my personal future. Together with Bernd Junk, having worked for SkyCom for more than 20 years and as CEO since 2019, and Bjarne Nielsen as a business parter from Denmark, we started to make plans for deeper collaboration. We identified Alder, a Nordic investment fund based in Stockholm, who have a strong mission and track record in developing sustainable technology companies, to finance our merger. I am excited to be a part of this continued journey as a co-owner and look forward to the future achievements of the EcoMobility Group," Claude Lenert, SkyCom Founder.