Kalibrate acquires Trade Area Systems (TAS)
MANCHESTER, UK - MAY 18, 2020
Kalibrate, the recognized authority in fuel pricing, location planning, market data and traffic count data announces today the acquisition of Trade Area Systems (TAS), leaders in location planning to the retail, shopping center and convenience store markets.
The acquisition of TAS, located in Providence, Rhode Island, USA, builds on Kalibrate’s 2019 acquisition of Canadian business Kent Group Ltd. This is part of the Kalibrate Group’s strategy to add a strong set of planning products to our existing fuel retail offering.
This acquisition is the first under the leadership of Kalibrate CEO Oliver Shaw, and the second in 12 months for Kalibrate. Shaw joined the company in September 2019 from Iris Software as Divisional CEO and Mergers and Acquisitions Director. Both Shaw, and TAS President and co-founder Bill Dakai, are looking forward to the new collaboration:
Shaw explains, “Trade Area Systems has deep domain expertise and a strong customer base that substantially enhances our non-fuel led convenience offering. We already share a number of high-profile retail clients, and TAS’s site-selection and network planning capabilities significantly strengthen our existing retail planning proposition. As part of this acquisition, we will help the team in Providence develop their product and expand their reach globally. Under Bill’s leadership, TAS has become a dominant entrepreneurial, customer-focused business. I am delighted to welcome Bill and his team to the Kalibrate Group.”
Dakai said, “I am very excited for TAS to be joining the Kalibrate Group. Our vision at TAS has always been to provide our clients with innovative products and services in the field of real estate analytics. Working with the team at Kalibrate will help us expedite that vision through further investment in product development, and will help us take our platform to a global market. Additionally, the partnership will significantly enhance our existing analytics and consulting offering. With Kalibrate, our future is extremely bright.”
Matthew Peacock Chairman of the Kalibrate Group and Founding Partner of Hanover Investors added, “We recognize there is a growing interdependency between fuel retail, convenience store and quick service restaurant location planning which is why I am delighted to strengthen our retail planning capability and footprint through the acquisition of TAS.”
TAS will continue to operate as an independent company in the USA and will leverage Kalibrate’s global sales presence to expand into new markets. Kalibrate’s offering will extend to include the high-quality site-selection, SAAS and data products TAS has become known for in the retail space.
About Trade Area Systems
Trade Area Systems’ industry-leading real estate and analytics platform empowers retailers to make better, faster decisions in an omnichannel world. Our products allow them to collect, visualize, analyze, and manage all the data that drive those decisions.
About Kalibrate Technologies Limited
Kalibrate is a technology company whose software platform provides microlocal data and insight for retail and service-based organizations of all sizes. Building on decades of experience, we aggregate and analyze location intelligence and pricing data in real time to help these organizations make better decisions. Through our platform and our consulting services, organizations can identify opportunities, understand risks and get to a point of certainty on strategic investments at both an international and local scale.
About Hanover Investors
Hanover Investors is a specialist investor that operates in under-analysed and illiquid markets. We combine analytical rigour and flexibility in execution which allows for a repeatable model of successful investment selection. A deep understanding of a company's operational and strategic context is at the centre of our investment process, refined over decades of hands-on management of small to mid-size organisations. We influence the main levers of value creation of an investment, providing our portfolio with access to proven “playbooks” and a Hanover bench of specialists. This approach has delivered a market leading record of returns for over 20 years. Hanover is headquartered in the UK but operates companies with activities across the globe.
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