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Minorplanet has raised £10m in a share placing to fund the expansion of its Leeds-based vehicle fleet management systems business.
Minorplanet Systems is planning to raise £12m in a share placing, in order to reduce debt and fund the development of its vehicle fleet management technology.
Minorplanet Systems is to acquire Transport Electrical & Security, the installer of vehicle fleet tracking systems, for £0.2m.
Minorplanet Systems is to raise £30m in a share issue in order to finance the expansion of its vehicle tracking business into the US.
Minorplanet Systems is forming an alliance with British Telecom to develop the next generation of vehicle tracking systems.