CalAmp Corp. (NASDAQ: CAMP) has disclosed today that its unit Tracker has partnered with Grove & Dean. It is expected that the companies will introduce a series of new initiatives such as the initiatives to protect assets, decrease insurance premiums, and safeguard loss ratios. Tracker has recently introduced stolen vehicle recovery (SVR) solutions.
The company revealed that through this partnership it will try to return as many stolen vehicles to their owners as possible. The SVR solution also includes theft recovery protocols which include a 24/7/365 emergency contact center to trace all the stolen vehicles. The company is also working jointly with UK Police officers. This relationship has improved the recovery rate of a vehicle.