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Published on : Monday, December 2, 2013
The acquisition, for an undisclosed sum, sees Arriva acquire 51 per cent of the shares of the automotive technology business.
Established in 1989, Zeta Automotive is based in Bicester, UK. It serves a range of blue chip clients and exports its technology solutions to markets across the world.
Zeta Automotive designs, develops and supplies a range of leading edge products that enable fleet operators to reduce fuel consumption and emissions output. It also provides a wide range of innovative electronic vehicle management solutions.
Arriva has conducted successful trials of the company’s leading product, Econospeed, demonstrating fuel savings of around 7 per cent.
Econospeed is a dynamic throttle controller that enables customers to define criteria to limit vehicle engine speed and maximum rate of acceleration. It does so safely and consistently, replicating the driving style of a careful, economically-aware driver.
Mark Bowd, Arriva’s group engineering director, said: “Zeta Automotive already has an excellent track record in identifying and developing niche products in the automotive market, and delivering successful results for its customers.
“As businesses seek to operate in increasingly cost effective, sustainable and eco friendlier ways, products that support these needs will become an essential part of fleet management.”
He added: “Zeta has great potential, with further product development underway that will significantly advance the way fleets can deliver maximum fuel efficiencies, and, for passenger carrying vehicles, ensure a better customer experience.”