Sale of TRACKER

RNS Number : 3393Z

Direct Line Insurance Group PLC

05 February 2014

 



Direct Line Group announces sale of TRACKER

5 February 2014

Direct Line Insurance Group plc ("Direct Line Group" or the "Group") announces that it has completed the sale of TRACKER Network (UK) Limited ("TRACKER"), a provider of stolen vehicle recovery and fleet tracking telematics, to Lysanda Ltd.

The sale of TRACKER has no impact on the telematics propositions the Group currently offers and is not expected to have a material financial impact.

For further information, please contact:

Neil Manser

Director of Investor Relations and Corporate Development

Tel: [phone]

Rob Bailhache

Director of Communications

Tel: [phone]

Direct Line Insurance Group plc

Direct Line Group is headquartered in Bromley. The Group has operations in the UK, Italy and Germany.

Through its number of well known brands the Group offers a wide range of general insurance products to consumers. These brands include Direct Line, Churchill and Privilege. The Group also provides insurance services for third party through its partnerships division, Brand Partners. In the commercial sector, the Group's NIG and Direct Line for Business operations offer insurance products for businesses distributed through brokers or direct, respectively.

 

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