Josh Cousens
Announcements • 1 min read

SNAP strengthens through acquisition of OTRA’s technology & truck parking network

Created: 04.09.2024

Updated: 04.09.2024

SNAP has expanded its European network by acquiring the technology platforms, IT infrastructure and a sizeable portion of the OTRA truck parking network across 17 countries.

By integrating SNAP's existing technology with OTRA's solutions, SNAP's digital marketplace will include 120+ additional truck parking options and improved service functionality. 

Drivers can book spaces using the intruck app at more service partners, fleets will have more advanced service opportunities from their portal, and truck parking operators will have a wider pool of drivers to maximise their business - with 10,000+ new drivers using SNAP Account payments. 

"The acquisition of OTRA's extensive network of truck parking options and sophisticated IT infrastructure is a springboard for SNAP to offer the best-in-industry solution to our customers. 

"We recognise that we need to expand our European footprint to provide our customers with a connected journey and an industry-leading network across the continent. 

"Having assessed the capabilities of OTRA's intelligent technology alongside our existing pathway, we have a great match, and integrating these systems will help create a market-leading technology platform. 

"I have worked hard with the OTRA founders to understand them and their business, and I am delighted to form a deal that will enable onward growth. I'd also like to express my deep appreciation for the work OTRA has produced to create a highly developed tech business." 

Matthew Bellamy, Managing Director - SNAP

OTRA's existing customers will be able to continue business as usual through the use of the SNAP network and will not see any disruption to their operations.

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четвъртък 28 ноември 2024 • Announcements

SNAP’S NETWORK IS EXPANDING: WHAT NEW COUNTRIES ARE WE AVAILABLE IN?

Miranda Blake

With our recent acquisition of OTRA, we’re pleased to say that as well as our network expanding by over 120 new European sites, we’ll be entering seven brand-new territories: Austria, Bulgaria, Czechia, Greece, Hungary, Italy, and Romania. All our new truck options are bookable via the SNAP Portal. Find your new sites across Europe today at https://snapacc.com/map/.These countries are ideal for both fleet managers and drivers alike. Why? Let’s explore… This location boasts an impressive road density, having . As it’s central, it’s ideal for trans-European crossings with . Plus, Austria is a world leader in telemetry and innovates in areas including sustainable transport. The country is also aiming to build strong international partnerships to standardise technical and legal boundary conditions, so it’s clearly a thriving part of the industry. Logistics currently sits at , and further growth is on the horizon. Transport via road is the most popular option. There are more than 16,000 businesses, representing a compound annual growth rate (CAGR) of 3.2% over the last 5 years. Bulgaria also has a Recovery and Resilience Plan (RRP), with their efforts to facilitate more efficient movement of freight a core part of this. Strategically located in Central Europe, Czechia is in the perfect position to act as the hub between Eastern and Western Europe. Its . This includes the D35 PPP motorway project, which will build 35 kilometres of additional motorway. What’s more, it’s , with an average annual growth rate of 1.8%. In Greece, it’s expected that the logistics industry will get to . Currently, the . There are over 31,000 businesses, and this has risen at a CAGR of 13.6% between 2019 and 2024. The country has a particular strength in shipping – it’s the biggest ship-owning nation, possessing . As a result, it holds the largest merchant fleet globally, meaning Greece will be making waves (figuratively and literally) going forward – both on water and the road. in this territory. Its , but there’s . And there are almost 25,000 businesses – this has developed at a CAGR of 9.2% since 2019. With such high numbers, it’s no wonder Hungary is showing itself to be a prosperous part of the sector. .), this territory’s logistics market growth isn’t going anywhere either – it’s predicted it’ll exceed €128 billion by 2030, with a CAGR of 3.71%. Although it’s previously experienced a lack of development, it’s bounced back through a focus on exports. As it’s situated at the centre of Europe and has a strong network, specifically in the Northern and Central parts of Italy, it’s seeing significant investment. In fact, it received . The final country we’re opening a new corridor into is Romania, and while it’s experienced quieter growth in the sector, it’s a vital part of the network. A substantial number of investors are predicting that it’ll act as a logistics hub to rebuilding Ukraine. There are and it has – so it’s evident that we can expect great things. SNAP is available in all these new territories now. So, whether you’re a fleet operator needing a better method to manage fleets or a driver seeking an easier way to pay, turn to us. Get in touch by calling +44 (0)1603 777242. Want to see SNAP in a location we’ve not yet expanded to? Let us know!