Zurich Insurance has bought Hong-Kong based firm Bright Box as it moves to strengthen its capabilities in connected-car technologies.
Bright Box, founded it 2012, provides telematics solutions that link drivers to their vehicles, and the vehicles to networks of car dealers and original equipment manufacturers (OEMs).
The acquisition price was not disclosed.
Zurich said Bright Box would further expand its focus on mobility through tailored services, enhanced by digital interactions with car drivers and closer collaboration with car dealers and OEMs.
“By enhancing our capabilities in data insights and analysis, we will be able to provide our customers more tailored and convenient solutions, which is in line with our strategy,” said Giovanni Giuliani, group chief strategy, innovation and business development officer.
Bright Box has existing business relationships with leading global OEMs and hundreds of dealerships worldwide, providing connected-car technology such as cloud IT platforms, mobile and web apps, hardware, as well as the connectivity between them.