# Vela acquires Samtech, asset management solution provider

Vela Software Group has acquired Samtech, a South American provider of fleet management and telematics solutions for mining, construction, and cement industries, based in Santiago, Chile.

- Type: Acquisition
- Announced: 2024-04-15
- Where: Santiago, Chile, Chile
- Status: announced
- Products: fleet management software, telematics hardware, asset management solutions
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Vela Software](https://endata.com/companies/53623.md) (acquirer)
- [Samtech](https://endata.com/companies/70822.md) (target)

## Sources

- [velasoftwaregroup.com](https://velasoftwaregroup.com/vela-acquires-samtech-leading-asset-management-solution-provider/), 2024-04-15: "Vela is pleased to announce the strategic acquisition of Samtech, a South American technology company providing innovative asset management solutions to the mining, construction, cement and fleet rental industries."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.