CE Info Systems Ltd.

CE Info Systems has completed the acquisition of 75.98% stake in Gtropy Systems. The company has acquired 166054 equity shares at face value of Rs 10. Total cost of acquisition is Rs 13.50 crore. This acquisition enables CE Info Systems further expansion of IoT and Saas solutions into the Commercial Vehicle Fleet and OE market by providing transporters and logistics companies with route optimization, vehicle tracking and telematics, trip management, ADAS for road safety, advanced navigation and expense management solutions.

CE Info Systems is a data and technology products and platforms company, offering proprietary digital maps as a service (MaaS), software as a service (SaaS) and platform as a service (PaaS). It is India’s leading provider of advanced digital maps, geospatial software and location-based IoT technologies.