Kabal acquires Trackit Energy, expanding reach in Asia Pacific
5 Sep 20243 min read
Summary
- Kabal Software has acquired Trackit Energy to strengthen its logistics software capabilities and expand its presence in the Asia Pacific energy sector. The deal combines Kabal’s expertise in digital logistics management with Trackit’s decade-long experience in workforce solutions, creating an integrated platform for end-to-end energy logistics.
- The acquisition will enhance Kabal’s ability to deliver greater cost savings, efficiency, and environmental performance to energy operators. Kabal’s software is already known for reducing vessel costs by up to 30% and rental equipment expenses by up to 50%, while minimizing carbon emissions across operations.
- Leaders from both companies highlighted the strategic value of the merger, noting it will help energy clients in the region achieve more efficient, sustainable operations. With this expansion, Kabal is positioned to accelerate its global growth and deepen support for customers in one of the world’s most dynamic energy markets.
Kuala Lumpur, Malaysia – September 4, 2024 – Kabal Software, a global leader in logistics software solutions for the energy industry, today announced the acquisition of Trackit Energy, a move that will enable the company to offer enhanced support and significant benefits to its customers in the Asia Pacific region and beyond.Kabal is renowned for its innovative software that streamlines logistics operations and empowers energy operators to achieve significant cost savings and operational efficiencies. Some of its key benefits to customers include 30% reduction in vessel costs and up to 50% reduction in rental equipment costs on top of minimized carbon emissions from operations.As a specialist in workforce management, Trackit Energy has been expanding its offerings for the past decade. Over the years, it has built a strong team to service customers in the region’s energy space. With the acquisition of Trackit Energy, Kabal will be able to combine the complementary expertise and technologies of both companies to deliver even more comprehensive and efficient solutions to energy operators worldwide.
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“With the increasing demand for efficient and cost-effective logistics solutions in the Asia Pacific energy sector, we are excited to expand our capabilities and offerings. By combining our expertise with Kabal’s cutting-edge logistics management platform, we will be able to provide our customers here with comprehensive, end-to-end logistics solutions, offering them even greater value for their operations,” said Kevin Best, Chief Executive Officer of Trackit Energy.“We are excited to welcome Trackit Energy to the Kabal family,” said Jan Inge Pedersen, Chief Executive Officer of Kabal. “Trackit Energy has been a respected competitor over the years, and with their expertise combined with ours, we are poised to accelerate our growth in the dynamic energy industry. We look forward to helping our clients in this region to optimize operations, reduce costs, and minimize their environmental footprint by providing them with total control over all cargo, resources and transport.”
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