Sunday , May 9 2021

WebEye Telematics Zrt.

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It has become a joint-stock company and, in addition to steady growth, the Telematic fleet oversight service of Hungary, which includes access to the WebEye stock market.

WebEye Telematics Zrt. Chief Executive Officer Pal Nemet at a press conference in Budapest on Tuesday, Webeye International Ltd. and Lambda-Com Ltd. WebEye Telematics integrates with Zrt. The company's 300 employees are targeted to double their sales, including increasing its export coefficient over 80 percent over five years, and then increasing the number of telematic points from 64 to 200,000. Profits of the combined companies last year amounted to 16 million euros.

The Group of Companies remains stable twice a year. This year's revenue of € 18.2 million will reach 30 million euros by 2023. According to him, the transformation is based on the country's subsidiary. In addition, the stock market capitalization is expected to grow, according to its current plans, it plans to implement it for seven years, and further procurement is expected to be market leaders in the region. WebEye's Commercial Director, Levent Tot, says: "Our clients are mainly transport logistics companies, where technology is rapidly developing and a rapid growth in data volumes. According to industry forecasts, by 2030 traffic will last about a quarter of the traffic. The cost of delivery is expected to be about half, partly self-propelled and electric vehicles, rolling stock efficiency and efficiency, and reduced time by 40 percent. When re-establishing the market, telematics spreads to 100 percent, a major breakthrough. Wide popularity of the Internet (IoT) among industry becomes one of the most important logistics.

According to the analysis, the companies participating in the European market are 38 million vehicles, of which 80% – 3.5 tons. This means that it should be lifted from heavy trucks to light commercial vehicles. The company, along with Hungary, is concentrated on Polish and Romanian markets. Apart from the Hungarian Trade and Development Center, it operates in 14 countries, one of Europe's largest telematics providers. Their development center is located in Fitt and Szeged. The telematic system developed by the company is based on satellite navigation system, which allows carrier companies to obtain fast and stable feedback on the parameters of their fleet location, consumption and programming.

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