Targa Telematics joins Leaseurope to boost connected mobility

Targa Telematics has become an Associate Member of Leaseurope, joining the federation that represents the European leasing and automotive rental sector.

Leaseurope, headquartered in Brussels, offers policy advocacy, market intelligence, and facilitates networking opportunities for organisations operating within the European leasing and rental markets. The federation includes national associations and companies from across the continent.

Targa Telematics brings over fifteen years of experience in the Internet of Things (IoT) and connected mobility to the association. The company has supported leasing and rental businesses in efforts to reduce the total cost of ownership (TCO), optimise operations, and accelerate their transition towards increased digitalisation. The membership is anticipated to enhance collaboration within the industry and play a role in shaping future mobility practices across Europe.

Industry focus

The company's integration into Leaseurope aims to broaden the network of expertise available within the leasing and rental sector. Targa Telematics joins other national associations, rental bodies, and market participants who form part of the federation's membership.

Targa Telematics contributes specialist knowledge in connected vehicle technology, forged from prolonged engagement with leasing and rental businesses. The company leverages advanced IoT and artificial intelligence technologies, historical data, and a suite of managed services to provide clients with tools for internal optimisation and improved end-user offerings.

Importantly, the company's ability to integrate connected vehicle data into its existing fleet management solutions is viewed as a key benefit. This integration can be performed via manufacturer-supplied data streams, avoiding the need for extra hardware, or through device installations on vehicles. Through either channel, leasing and rental companies gain access to diagnostics, maintenance, and usage data, enabling them to make operational decisions in real-time.

Targa Telematics' IoT platforms are designed to supply actionable insights to clients. The company cites these insights as instrumental in minimising fleet downtime, increasing vehicle performance, and maintaining asset values over time.

Comments from executives

Alberto Falcione, VP Sales at Targa Telematics, commented: "Becoming part of Leaseurope is a strategic step for us. It allows Targa Telematics to contribute to the dialogue shaping the future of mobility in Europe while strengthening relationships with leasing and rental companies across markets. We are proud to bring our expertise in connected mobility and digitalisation to the federation and look forward to collaborating with its extensive network."

From Leaseurope's perspective, the addition of Targa Telematics is seen as an asset for the group. Richard Knubben, Director General at Leaseurope, stated: "We are delighted to welcome Targa Telematics on board as our new Associate Member. Their expertise in connected mobility and fleet management will be a crucial asset as we work together to advance the future of mobility in Europe. We look forward to their contributions and to strengthening collaboration across our network."

Role of Leaseurope

Leaseurope acts as a dedicated platform for the European leasing and rental sector, engaging with regulatory bodies and other stakeholders. The federation represents the interests of bank-owned, captive, and independent lessors, as well as rental companies operating both long- and short-term fleets. In addition to its core organisational members, Leaseurope's network includes more than twenty associate members comprising service providers and professional firms.

As part of its remit, Leaseurope advocates for the industry on regulatory matters, produces statistical and research reports, and supports exchanges of expertise across its membership.

Next steps

The partnership is expected to facilitate further dialogue and collaboration in the sector. Targa Telematics, through its membership, intends to take part in ongoing discussions surrounding mobility and digital transformation, contributing its expertise to the development of best practices across various European markets.