Trakm8 secures three-year extension to Drvn contract

Telematics and data insight provider Trakm8 Holdings has secured a three-year extension to its contract with Drvn.

Trakm8 said on Tuesday that the contract between the two had been extended, with the firm now to provide further services and support to Drvn, a joint venture between several roadside assistance companies in Europe.

Chairman John Watkins said: "The contract with Drvn has been in place for four years and it is pleasing to extend the scope and duration of the contract. We hope that now lockdowns are behind us that take-up of connect car policies with the various European clubs will increase."

As of 1110 BST, Trakm8 shares were down 1.62% at 18.20p.