deal

SmartTrans is entering the China logistics market with contract with Yanfeng Visteon Automotive, a major subsidiary of China’s largest auto manufacturer.

Australian mobile and online payments platform and logistics software provider SmartTrans Holdings Limited has expanded the company’s logistics division into China, by securing a contract to develop and supply its proprietary software to automotive components manufacturer Yanfeng Automotive Trim Systems Co. Ltd (‘Yanfeng Visteon Automotive’).

SmartTrans has been chosen by Yanfeng Visteon Automotive to supply a module of the company’s best-of-breed logistics software. The proven and established system, which uses mobile internet connectivity to provide information and evaluation of driver performance, safety, route optimisation, fuel efficiency and which can also reduce greenhouse gas emissions, was selected for implementation with an initial 450 vehicles commencing in Shanghai this month. Under the terms of this agreement, SmartTrans will earn revenue from an upfront payment and also via a monthly per unit licensing fee.